Amazon reportedly in talks to buy land adjacent to its Seattle campus; company has more than 56,000 employees

Cindy Allen

Cindy Allen

LOS ANGELES , February 16, 2012 () – According to two people with knowledge of the matter, Internet retailer Amazon.com Inc. has reportedly entered into talks to buy land adjacent to the company’s Seattle campus, Bloomberg reported Feb. 16.

The land, which is owned by office development company Clise Properties Inc., was originally put up for sale in 2007 for a target price of US$600 million. The company has had problems selling the property due to the economic downturn, and ended has ended talks with potential buyers—including Emaar Properties PJSC of Dubai in April 2008—that were not able to meet the target price.

The triangular-shaped parcel is located to the immediate south of South Lake Union neighborhood and is north of Seattle’s central business district. In 2010, Amazon moved its headquarters to South Lake Union.

One of the sources said that Amazon intends to buy only a portion of the parcel.

Both of the sources requested to remain anonymous, as the negotiations are private.

According to Amazon’s filings with the U.S. Securities and Exchange Commission, the company had roughly 56,200 employees—including those who only who part-time—as of Dec. 31, 2011.

In comparison, at the end of 2008, Amazon had 20,700 employees. A decade ago, Amazon only had 7,500 employees.

The primary source of this article is Bloomberg, New York, New York, on Feb. 16, 2012.


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.