The online retail giant Amazon.com continues to grow in Seattle as it takes another 150,000 square feet of space at 1800 Ninth Avenue, an office building owned by Talon Private Capital, according to a Kidder Mathews report. Amazon has been a titan in the Seattle real estate market in recent years, buying three city blocks from Seattle's Clise family in January of last year to build a 3.3 million square foot office complex, then following that acquisition nine months later by purchasing the South Lake Union headquarters campus it had been leasing from developer Vulcan Real Estate. It's also rumored that Amazon will be leasing 136,000 square feet of space in Metropolitan Park North at 1220 Howell Street.
"Amazon is the undisputed heavyweight champion of downtown Seattle," said Kip Spencer, president of The Spencer Companies, a Seattle real-estate consulting firm.
"In the 25 or 30 years I've been around downtown Seattle, I've never seen anything remotely like what Amazon has done to the market," says Dale Sperling, former president and CEO of Seattle's Unico Properties.
A joint venture of Talon and Prudential Real Estate Investors bought 1800 Ninth in December 2011 from Regence Blue Shield, which leased back about 30% of the space. The 1800 Ninth building is about three blocks from the nearest building Amazon already occupies.
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