Amazon inks huge deal for 975K sf warehouse in NYC

Industrial complex in Staten Island reaches 100% occupancy with latest deal

TRD New York /
Oct.October 16, 2020 11:00 AM
Amazon CEO Jeff Bezos and the Matrix Global Logistics Park in Staten Island (Google Maps; Getty)
Amazon CEO Jeff Bezos and the Matrix Global Logistics Park in Staten Island (Google Maps; Getty)

Amazon’s industrial footprint in New York City is officially Bigfoot-sized.

The e-commerce giant secured a 975,000-square-foot warehouse at the Matrix Global Logistics Park in Staten Island, Crain’s reported. It was the largest industrial deal of the past quarter, according to a CBRE report that did not identify the tenant.

Amazon has already leased two other warehouses on the site near Goethals Bridge, bringing its capacity there to nearly 2.3 million square feet. Ikea is also a tenant at the complex, having leased a 975,000-square-foot warehouse.

Since losing its proposed HQ2 in Long Island City in 2019, Amazon has been on a tear through New York City’s property market. On the office side, the company leased 335,000 square feet of office space from SL Green near Hudson Yards and bought the Lord & Taylor building on Fifth Avenue from WeWork for $1 billion.

It’s also picked up a significant amount of industrial space, leasing a Bronx warehouse spanning more than 200,000 square feet last year. It also reportedly signed a lease on RXR Realty’s massive vertical warehouse in Maspeth.

Leasing activity in the industrial sector has seen an uptick in demand as home-bound shoppers make more of their purchases online, according to CBRE. E-commerce companies have dominated new leases signed in that sector.

Industrial tenants inked deals for 1.6 million square feet of space in the five boroughs during the third quarter of the year, a nearly 71 percent increase over the same time last year, according to CBRE. [Crain’s] — Orion Jones


Related Articles

arrow_forward_ios
CEO of Amazon Web Services Andy Jassy

A top Amazon exec buys in Santa Monica

A top Amazon exec buys in Santa Monica
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Robert Fordi, Steve Poulos, and Jeff Bezos, with the property (Credit: Google Maps and Emma McIntyre/Getty Images)

Future Amazon warehouse in Torrance sells at near record ppsf

Future Amazon warehouse in Torrance sells at near record ppsf
Golden Springs Business Center

Logistics firm inks big lease in Santa Fe Springs as industrial demand remains high

Logistics firm inks big lease in Santa Fe Springs as industrial demand remains high
Heather Crossner and the site (Credit: Google Maps)

Bridge Development plans distribution center outside Torrance

Bridge Development plans distribution center outside Torrance
Daniel J. Moore and the site (Credit: Rockefeller Group)

Rockefeller Group snags Inland Empire site for logistics centers

Rockefeller Group snags Inland Empire site for logistics centers
Chris DeWitt, and the property (Credit: Google Maps)

Made Goods furniture wholesaler inks giant lease in City of Industry

Made Goods furniture wholesaler inks giant lease in City of Industry
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
arrow_forward_ios

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

Loading...