Last Updated: February 17, 2012 03:25pm ET

Amazon’s Plans for Three New Towers

By Natalie Dolce
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Seattle

SEATTLE-Amazon plans to build three commercial towers in Seattle, potentially increasing the city’s downtown office by 7%, based on the company’s preliminary development plans and figures from CBRE Group Inc. So says a recent article from Bloomberg news.  

The mammoth Internet retailer, based here, agreed to buy three contiguous blocks from Clise Properties Inc., the report says, and has options to buy additional “significant” sites nearby, according to chairman Al Clise, the fourth-generation head of the family-owned developer. He declined to disclose terms of the sale to Bloomberg, scheduled to be completed later this year. It would be Amazon’s first land purchase.

CBRE did not respond to GlobeSt.com inquiries by deadline. Click here for the full Bloomberg article on the deal.

Categories: West, Office, Development, Seattle

Natalie Dolce Natalie Dolce, editor of the West Coast region for GlobeSt.com and Real Estate Forum, is responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, Natalie was Northeast bureau chief, covering New York City for GlobeSt.com. Dolce’s background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats Arthur Frommer’s Budget Travel magazine, FashionLedge.com, Co-Ed magazine, and has also freelanced for a number of publications including MSNBC.com and Museums New York magazine. Contact Natalie Dolce.

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