Alston & Bird, Allen Matkins Steer $370M Amazon Tower Trade

Law360 (February 25, 2016) Alston & Bird LLP represented Deutsche Asset Management arm RREEF in its $370 million purchase of an Amazon.com Inc.-occupied office and retail tower in Seattle from AEW Capital Management LP, which had counsel from Allen Matkins Leck Gamble Mallory & Natsis LLP, according to records made public in King County on Wednesday. The deal is for 2001 Eighth Ave., a 28-story tower of which Amazon occupies the majority. Amazon reportedly leased roughly 280,000 square feet of the 500,000-square-foot tower in late 2011. The property, which has a Leadership in Energy and Environmental Design gold certification, is located on the north side of Seattle’s Central Business district and close to South Lake Union. The seller is represented by Michael H. Cerrina and Hadar G. Goldstein of Allen Matkins Leck Gamble Mallory & Natsis LLP.