Tuesday, February 21, 2012

Amazon Purchases 3 Million Sq. Ft. of Office Space in Seattle

Maybe the Company Will be a Success and Stick Around After All

When Amazon first got started a lot of people (including this one) really questioned whether or not the company could succeed.  After all they were selling books over something called the Internet, and there were plenty of bookstores all over the country.  The company raised millions in public stock sales, and was spending the money just as fast as it came it.

It turns out that maybe Amazon will not fail, in fact they may just make it after all.  Why do we say that now?  Well it turns out Amazon is buying much of Seattle.  Okay, maybe not most of Seattle, but a pretty large chunk of downtown Seattle.

Amazon.com Inc. is purchasing property in central Seattle with plans to construct about 3 million square feet of office space, a move that could have the online retail bellwether owning its corporate headquarters for the first time amid dramatic expansion.

Amazon is buying three large contiguous blocks in central Seattle—a short walk south of where it leases its current headquarters—from Clise Properties Inc.

Real estate developer Seneca Group Inc., which is working with Clise, has filed papers with the city to build three office towers on the properties, each of which could include 1 million square feet of office space.

Three million square feet – are you kidding us. 

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