February 5, 2020 Comments Off on Amazon Pays $155M for HQ2 Site in Pentagon City Views: 794 D.C. Metro News, Top Washington, D.C., Washington, D.C. News

E-commerce giant Amazon has acquired a 6.2-acre site in Pentagon City where the first two towers of HQ2 will be built. The sales price was reported as $154.9 million.

The seller was JBG Smith, which is also serving as development manager on HQ2. JBG previously announced plans to sell the Pentagon City site, along with a 10-acre site at Pen Place for a total of $294 million. Amazon is expected to purchase the Pen Place site in 2021.

Work is already underway at the Pentagon City site, where construction crews are planning to demolish a single-story warehouse to free space for the two, 22-story office buildings. The buildings are expected to be certified LEED Platinum and will be powered by a Dominion Energy Virginia solar facility in southern Virginia.

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Tags: Acquisition, Development

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Amazon Pays $155M for HQ2 Site in Pentagon City

David Cohen