Follow us:

Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

October 5, 2012 at 2:06 PM

Amazon buying Seattle campus from Paul Allen: The filing

Here’s the entire filing that Amazon submitted today, disclosing its plans to buy its current South Lake Union campus from Microsoft co-founder Paul Allen.

Allen originally amassed the land for a proposed urban park but turned it into a tech-focused commercial real estate zone after the park plan failed to win voter support.

Buying the land outright is a huge commitment by Amazon to Seattle, where it’s also planning to develop another campus nearby in downtown.

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

The Company entered into purchase and sale agreements to acquire 11 buildings comprising 1.8 million square feet of our currently leased corporate office space

in Seattle, Washington, for approximately $1.16 billion. Subject to satisfaction of customary closing conditions, the Company expects to close the purchase in Q4

2012, and has made a non-refundable deposit of approximately $23 million, which will increase to approximately $51 million on October 22 and will be forfeited

if we do not close the transaction in Q4 2012.

It seems like only yesterday they were breaking ground on the campus:

DSCN0463.JPG

Comments | More in | Topics: amazon, Amazon.com, billionaire techies

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►