The longtime home of KING-TV in Seattle, just up the street from Amazon’s headquarters in Seattle’s South Lake Union neighborhood, has sold for more than $42.5 million to a real estate company that plans to tear down the existing structure to construct two 12-story office towers on the property.
Kilroy Realty Corp.’s purchase of the property, at 333 Dexter Ave. N., was noted Friday in King County property records. The real estate company has been acquiring a series of properties in the South Lake Union, paying nearly $319 million for real estate in the neighborhood over the past two years, the Puget Sound Business Journal reports.
KING has been reported to be considering a move to the Home Plate Center complex across from Safeco Field in Seattle’s SoDo neighborhood, but the station has yet to make any public announcements about its plans.
KING, now owned by Gannett Co., first acknowledged plans to sell the building last year.
“Real estate in this part of Seattle is in high demand right now,” wrote news director Mark Ginther in a memo to staff at the time. “Just in our neighborhood there are numerous construction projects underway. This property is very desirable for people looking to build.
“For us, the building is too big. Most of the space we have is not being used. With all the construction in town, there are opportunities for us to move into a more efficient space.”
GeekWire is a media partner of KING-TV and KING5.com.
