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Amazon.com to buy its Seattle campus for $1.16 billion

October 08, 2012|By Salvador Rodriguez
  • Amazon.com has agreed to pay $1.16 billion to purchase its Seattle campus.
Amazon.com has agreed to pay $1.16 billion to purchase its Seattle campus. (Paul Sakuma/Associated…)

Amazon.com has agreed to pay $1.16 billion to purchase its Seattle campus, the company announced in a government filing.

The online retailer said it has made a non-refundable $23 million deposit for its 11-building headquarters, which the company had been leasing.

That deposit will increase to $51 million on Oct. 22 and the sale will close for the 1.8 million square feet of office space some time in the fourth quarter, according to a Friday SEC filing.

Amazon's $1.16 billion purchase of the campus makes the deal the most expensive acquisition of a single office property in the U.S. this year, according to Bloomberg News, which cited Real Capital Analytics Inc.

The location was put up for sale in August by Vulcan Inc., which is Microsoft co-founder Paul Allen's investment company, according to Bloomberg.

According to the SEC filing, the deal will be forfeited if Amazon cannot close it in the fourth quarter.

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