Amazon.com said last Friday that it will spend over $1 billion to buy its Seattle corporate headquarters in what will be the United States’ biggest commercial real estate deal so far this year for a single property. Amazon plans to buy 11 buildings in the trendy South Lake Union area, comprising 1.8 million square feet of corporate office space, for $1.16 billion from Microsoft Corp co-founder Paul Allen’s investment firm. Based on the value of the deal, Amazon is paying the highest ever price for an office building over 100,000 square feet in Seattle.
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