Boeing has completed the sale of its commercial aircraft headquarters in suburban Seattle.
The complex was launched in April, according to the Seattle Times.
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The buyer is Unico Properties, a subsidiary of a Seattle-based private equity real estate investment firm.
The company did not disclose the purchase price, but someone with knowledge of the sale put it at $ 100 million.
Unico said it bought the site as a “transportation-oriented investment” because of its location near the subway, Southcenter shopping mall and Seattle-Tacoma International Airport, according to a press release.
It is the latest in a string of real estate sales the aircraft maker made as it cut costs during the aviation pandemic-induced downturn.
In addition to the headquarters, the site also included another building that once housed the state-of-the-art training facilities and full-flight simulators from Boeing.
| ticker | safety | Last | change | Change% |
|---|---|---|---|---|
| BA | THE BOEING CO. | 189.74 | -2.88 | -1.49% |
Boeing moved the simulators to Miami and the training to other facilities.
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The complex was built on the site of the former Longacres racecourse, which Boeing had bought 31 years ago.
