Boeing Explores Selling Seattle-Area Jetliner Headquarters
- Longacres site is part of CFO’s sweeping real estate review
- Planemaker scrutinizes costs as pandemic guts aircraft demand
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Boeing Co. is weighing whether to jettison the Seattle-area headquarters of its commercial-airplane division as it cuts costs and stockpiles cash.
A sale of the Longacres industrial park would also include an adjacent building once used to train airline pilots. Boeing converted the wooded suburban campus from a horse-racing track in the 1990s, and the property has 855,000 square-feet (79,400 square-meters) of office space. The buildings are in Renton, Washington, separated by a hill from Boeing’s 737 factory.