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Amazon Shells Out $1bn+ To Own The Keys To Its Seattle Corporate HQ

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http://techcrunch.com – Internet retail giant Amazon is to spend more than $1bn to buy the Seattle corporate HQ it currently leases. Reuters is reporting the $1.16bn transaction is the biggest commercial real estate deal for a single property in the U.S. this year. The HQ consists of 11 buildings in the South Lake Union area, comprising a total of 1.8 million square feet of corporate office space. Amazon is buying the property from Microsoft co-founder Paul Allen’s investment firm, Vulcan Real Estate, which put the buildings up for sale at the end of August. Reuters notes that, based on the value of the deal, (IT news)