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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

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