CHICAGO — The Thompson Center has officially been bought by Google.

A statement from Gov. JB Pritzker’s office said the sale was completed Wednesday.

Google is paying $105 million for the now former government building.

“This transformative agreement will save our taxpayers nearly a billion dollars over the next thirty years – and further Chicago’s reputation as one of the great tech hubs not just of the United States, but of the world,” Pritzker said in the statement.

Google, which has more than 1,800 employees in Chicago, said it will eventually control the building after a major renovation and occupy it by 2026.

“The Thompson Center gives us a presence in the central business district, enabling us to get in on the ground floor of revitalizing the Loop with its unparalleled access to public transit, which is so important to today’s hybrid workforce,” said Karen Sauder, Google’s president of global clients and agency solutions.

The Thompson Center, a hulking all-glass building designed by Helmut Jahn, opened in 1985 as the State of Illinois Center. It was renamed in 1993 for James “Big Jim” Thompson, who served as governor from 1977-91.

The state, meanwhile, will move nearly 1,800 employees from the Thompson Center and other downtown office space to the newly acquired building on South LaSalle Street.

“This transformative agreement will save our taxpayers nearly a billion dollars over the next thirty years and further Chicago’s reputation as one of the great tech hubs not just of the United States, but of the world,” Pritzker said.

Renovations are set to begin later this year and take about two years to be completed.

The Associated Press contributed to this report.