Amazon to open two warehouses in New Jersey

TRD New York /
May.May 31, 2012 01:00 PM

Online retailer Amazon will build two large distribution centers in New Jersey, the New York Times reported. Construction is slated to begin next year, but the locations of these buildings have not yet been determined.

Each warehouse will measure about one million square feet. These centers will create a projected 1,500 full-time jobs and would enable the state of New Jersey to collect roughly $30 to $40 million in tax revenue. New Jersey will begin collecting 7 percent in sales tax on July 1 of next year.

Amazon said it would seek tax incentives from New Jersey to build the warehouses, but the specific amount was not stated. As reported today, CookiesKids.com, an online children’s clothing retailer, is asking the city to provide over $3 million in subsidies in order for it to move to the Bronx, which follows the trend of Fresh Direct. [NYT]


Related Articles

arrow_forward_ios
67-25 Otto Road and Silex CEO Wes Sights (Google Maps, iStock)

The $112M warehouse transaction that wasn’t

The $112M warehouse transaction that wasn’t
Durst Organization chairman Douglas Durst and Amazon CEO Jeff Bezos with 1133 Sixth Avenue (Getty, Google Maps)

Another blow to Amazon in court battle with Durst Organization

Another blow to Amazon in court battle with Durst Organization
 Jeff Bezos and 1055 Bronx River Ave (Getty, Google Maps)

Amazon takes over Bronx warehouse once home to rival Jet.com

Amazon takes over Bronx warehouse once home to rival Jet.com
Former housing czar takes swipe at de Blasio

Former housing czar takes swipe at de Blasio

Former housing czar takes swipe at de Blasio
Realogy CEO Ryan Schneider and Amazon CEO Jeff Bezos (Credit: Bezos via Paul Morigi/Getty Images for Amazon)

Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership

Realogy CEO says Covid-19 “eviscerated” value of Amazon partnership
Industrial brokers say coronavirus is hurting but not destroying interest in their properties. (Credit: iStock)

Boom’s over, but industrial brokers keep busy

Boom’s over, but industrial brokers keep busy
Amazon CEO Jeff Bezos in front of Fairway Market in Brooklyn (Credit: MANDEL NGAN/AFP via Getty Images; Jules Antonio via Flickr)

Amazon seeking to purchase 4 Fairway locations after grocery’s bankruptcy filing

Amazon seeking to purchase 4 Fairway locations after grocery’s bankruptcy filing
Douglas Elliman's Howard Lorber and Amazon's Jeff Bezos (Credit: Getty Images)

Second-home tax would be “multiples worse” than Amazon loss: Howard Lorber

Second-home tax would be “multiples worse” than Amazon loss: Howard Lorber
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...