What Real Estate Comapny Sold Boeing Plant? (Question)

The sale of Boeing’s Commercial Airplanes headquarters complex in Longacres, which was put on the market in April, has been concluded, according to the company. Unico Properties, a subsidiary of a private equity real estate investment business located in Seattle, is the buyer of the property.

Who bought Boeing headquarters?

It was purchased by Unico Properties, which is part of a private equity real estate investment business located in Seattle. While the acquisition price was not disclosed by the corporation, a source with knowledge of the transaction estimated it to be in the range of $100 million.

Who bought Boeing Longacres?

Unico Properties, located in Seattle, has been named the new owner of The Boeing Company’s approximately 150-acre Longacres campus, which includes the headquarters building for the Commercial Airplanes division. Unico announced the acquisition on Friday.

How much real estate does Boeing own?

following the merger with Boeing in 1997. Boeing’s real estate portfolio encompasses around 100 million square feet of space and has an asset value in the neighborhood of $5 billion.

Is Boeing leaving Frederickson?

A portion of Boeing’s undeveloped property in Frederickson is being sold as part of the company’s effort to reduce its real estate footprint by 30 percent. Nearby to Boeing’s manufacturing facility lies a large tract of wooded area. According to a Boeing Commercial Airplanes representative who talked to the Business Journal in March, the property transaction will have no impact on Boeing personnel or activities at the site.

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Who is the owner of Boeing?

Salil Gupte is the President of Boeing India, according to Boeing’s LinkedIn profile.

Is Boeing being sold?

Boeing has completed the sale of its Commercial Airplanes headquarters for $100 million, bringing its local real estate divestments to a close. Unico Properties, a subsidiary of a private equity real estate investment business located in Seattle, is the buyer of the property.

How many subsidiaries does Boeing have?

Commercial airplanes are one of four business sectors that Boeing operates: the other three are defense and space security, global services, and Boeing Capital. On revenue of $57.2 billion, the firm reported a net loss of $11.9 billion in fiscal year (FY) 2020, which concluded on December 31, 2020, according to the corporation.

How many buildings does Boeing own?

The jet manufacturer did not make any of its officials accessible to speak with reporters about the Longacres deal or its real estate assets in the Puget Sound area. Following a Business Journal investigation of property records, it was discovered that in King County alone, Boeing owned 131 properties with a total evaluated market worth of $2 billion as of 2019.

Is Boeing moving out of Seattle?

Boeing is relocating 150 jobs from Washington state and California to Texas, according to the company. Employees in Boeing’s supply chain department who are not union members were told on Monday that their positions will be relocated from Washington state and California to Texas.

Is Boeing Moving to Texas?

| 9:32 p.m. on September 20, 2021 | Boeing’s global services division is relocating some of its positions from the West Coast to Texas as part of a transformation that began years ago when the company established the business to serve government and commercial clients.

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