Amazon is expanding – and they’re paying top dollar to do it! According to the Puget Sound Business Journal, on Tuesday the new 202 Westlake office building sold for a record breaking $749 per square foot, shelling out a total of $97.4 million. GLL Westlake 202 LLC bought the building which is leased by Amazon. Seattle based companies First Western Development Services and Stephen C. Grey & Associates and San Francisco’s Spear Street Capital developed the building.
The previous record was the sale of the City Center Plaza in downtown Bellevue, which sold for $642 per square foot in 2011. For more information on commercial real estate sales, visit the Puget Sound Business Journal.