Business Standard

Amazon said to be in talks for Seattle land

Image

Bloomberg Seattle

Amazon.com Inc, the largest Internet retailer, is in talks to buy land next to its Seattle headquarters that the company may use for expansion, said two people with knowledge of the discussions.

The site is being sold by Clise Properties Inc., a family- owned office developer in Seattle. Clise put 12.5 acres (5 hectares) of land up for sale in 2007. The global credit crisis led to offers falling short of the company's $600 million target, prompting it to end talks with potential buyers including Emaar Properties PJSC of Dubai in April 2008.

Amazon.com plans to buy part of the Clise parcel.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 16 2012 | 12:55 AM IST

Explore News