Amazon's Jeff Bezos Acquires Development Site In Pentagon City For $154.9M

On January 15, 2020, a closed property transaction took place in Washington's Pentagon City market. The property in question is a development site located on S Fern St in Arlington. The asset type is a development site, and it was sold for a price of $154,950,000. The property spans a total of 270,072 square feet, resulting in a price per square foot of $573. The plans for this site include the construction of a 22-story office tower with retail spaces. The seller of the property was JBG Smith, while the buyer was Amazon, represented by Jeff Bezos.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $154,950,000
• Address: S Fern St, Arlington
• Market: Washington, Pentagon City
• Asset Type: Development Site
• Total Square Footage: 270,072
• Price per Square Foot: $573
• Plans: HQ2, 22 Story office Tower + Retail
• Buyer: Amazon (represented by Jeff Bezos)
• Seller: JBG Smith

The involvement of Amazon and Jeff Bezos in this transaction showcases their interest in expanding their presence in Washington's Pentagon City market. This acquisition of the development site on S Fern St allows Amazon to further develop its plans for a 22-story office tower with retail spaces. The deal serves as a significant investment by Amazon, solidifying its commitment to growth in the region.