Amazon Pays $1 Billion To Buy Corporate HQ In Seattle
Amazon is reportedly paying $644 per square foot, which is the costliest ever in Seattle for an office building over 100,000 square feet. The final price tag is $1.16 billion, which Reuters reports is the “the United States' biggest single-asset commercial real estate transaction of 2012”.
Amazon HQ in Seattle (Image credit: Commercial Property Executive)
Amazon is already leasing the space for its headquarters, but leasing and owning are two different things. It’s likely simply more economical for Amazon to own the space.
The e-tail behemoth wants more, though; apparently Amazon is planning to build even more office space for its growing staff of roughly 50,000, to the tune of about 3.3 million square feet over the course of about 8 years.