AMAZON TRIANGULATES

Huge deal alert: The Seattle Times reports that Amazon, which already has a Sasquatch-sized footprint in South Lake Union, has reached a deal with Clise Properties to buy three blocks in the Denny Triangle, with an option to buy more. That's not all: via Seneca Group, Amazon has also filed paperwork with the city indicating that it intends to use the land to build three 1M SF office towers. Details on the new Amazon Triangle (we'll call it that because the purchased land forms a triangle within the Denny Triangle) are still under wraps, but it's said that the Clise family, which developed the properties between Denny Way, 5th Avenue, and Westlake beginning in the 1920s, received bids of more than $600M when the land was for sale in '07-'08.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

Howard Hughes Texas President Jim Carman To Step Down

JLL Taps Mark Gibson For Newly Created U.S. CEO Role

Wonderful Real Estate Inks Major Land Deals, Sells 1M SF Facility Near Bakersfield

From Precast To Conservation: Addressing Today's Stormwater Challenges

Ireland's AI Funding Boom Helps Drive Down Dublin Office Vacancy Rates

How AI Is Reshaping Brokerage Operations And Investor Portfolios

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

How Healthcare Providers Are Bundling Care Services Under One Roof, With Patient Needs Top Of Mind

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Why Hospitals Must Be Designed For Talent Retention

CRE Finance Sentiment Index Falls To 3-Year Low As Economic Fears Mount

RN3 Enters Dutch Logistics Market With DHL Sale-Leaseback Deal