search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsHow Hochul played the “good cause eviction” game, and wonHow Hochul played the “good cause eviction” game, and wonYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debt“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law
Commercial
Chicago

Amazon inks big lease expansion at Tishman Speyer-owned Downtown office tower

The e-commerce giant’s new lease at 227 W. Monroe tower comes 2 years after it first increased its space at the same location

227 West Monroe Street and Amazon CEO Jeff Bezos (Credit: Stone Real Estate and Getty Images)
227 West Monroe Street and Amazon CEO Jeff Bezos (Credit: Stone Real Estate and Getty Images)

UPDATED, Sept. 16, 10:30 p.m.: Two years ago, Amazon doubled the size of its office space at its downtown location.

It just did it again.

The e-commerce behemoth will take 70,000 square feet at the Tishman Speyer-owned 227 West Monroe Street tower, up from its existing 30,000 square feet it already occupies, the company said. The move will mean Amazon will add 400 jobs at the location.

Amazon continues its expansion mode. In addition expanded space it has at the 1.5 million-square-foot tower, the company has recently added 400 jobs in Portland, Oregon, 400 jobs in Denver, and 800 jobs in Austin all from new offices.

Sign Up for the undefined Newsletter

Chicago’s Amazon “Tech Hub” is one of 18 in North America, accounting for 20,000 employees, according to the company. The local space focuses on Amazon Web Services, including its advertising, and transportation and operations units.

Other big-name tenants have also descended on Chicago this summer, including Uber, Walgreens and Cisco at 601W Companies’ Old Post Office.

Delivery jobs comprise most of Amazon’s rapidly-expanding, 11,000-member workforce in Illinois.

The company has also been increasing its warehouse presence in the area, which has boosted Chicago’s industrial market. The company recently posted a job listing for a 237,000-square-foot Skokie industrial facility that had previously been on the market.