As rumored in October, Google (GOOG) has picked up the 111 8th Ave. building according to the Wall St. Journal. The 18-story Chelsea giant is almost 3 million square feet of space and covers an entire city block, between Eighth and Ninth avenues from 15th to 16th streets.  It is listed as the third-largest building in Manhattan by square footage.

Although the building was built in 1932, it suits Google’s connectivity  interests well.  It currently houses a Telx  ISP facility, which makes it one of the most connected buildings in the world.  It also has subterranean parking and subway access via the A, C and E lines.

Google also currently rents space across the street in the Chelsea Market but will likely have some new empty space to fill.

I’ve pinged Google for comment.