Amazon to lease 1M sf in Savanna’s
One Court Square for HQ2

Tech giant officially announced on Tuesday it would come to Long Island City

Nov.November 13, 2018 12:09 PM

Nicholas Bienstock, Jeff Bezos, and One Court Square (Credit: Getty Images and Wikipedia)

Amazon is set to take about 1 million square feet of space at Savanna’s One Court Square office tower when it moves to Long Island City.

The real estate company announced in a release that it entered a letter of intent for the lease.

“We’re thrilled that Amazon selected One Court Square as a critical component of its HQ2 plans for Long Island City,” Savanna managing partner Nicholas Bienstock said in a statement.

Reports that the tech giant planned to split its long-heralded second headquarters between Long Island City and Crystal City, Virginia circled last week, and Amazon confirmed the news on Tuesday. The company will also open a new regional hub in Nashville.

Sources previously told The Real Deal that Amazon would likely focus on Court Square and the Factory District if it moved to Long Island City. One Court Square was widely seen as a prime fit based on Citigroup’s plans to vacate 1 million square feet in the building come 2020 when its lease expires.

Other potential sites included Savanna’s Falchi Building and Tishman Speyer’s JACX, among others.

Related Articles

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

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

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

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

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze