Amazon
Philadelphia Commercial Real Estate Wrap-Up – September 2020
Ensemble makes $83 million Navy Yard purchase. Amazon further expands in the metro. Here’s our September selection of Philadelphia must-reads.
Seefried JV Delivers 1 MSF Orlando-Area Amazon Warehouse
In April, the developer received a $68.5 million construction loan from Wells Fargo for the project.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
Seefried Industrial Properties Delivers $237M Amazon Facility
The robotic distribution center stands 70 feet tall, allowing for 3 million square feet of fulfillment space.
KKR Pays $43M for Phoenix Industrial Property
The distribution center marks the global investment firm’s first acquisition in the metro.
Retail-to-Logistics Conversions Won’t Be Quick or Easy: Prologis
The report also questions whether shopping center owners will want to forego retail rents for lower industrial rates.
Inland Empire Welcomes New Amazon Asset
The e-commerce giant has completed a 640,000-square-foot fulfillment center in Beaumont, Calif., that will ship books, electronics and other small items.
KKR Acquires Atlanta Last-Mile Facility
The asset traded at one of the highest prices per square foot for an Atlanta-area industrial property since the onset of the pandemic.
SL Green Lands $600M Refi for Manhattan High-Rise Project
The construction loan will complete the redevelopment of 410 Tenth Ave. on the Far West Side into a Class A office building.
Amazon’s Bellevue Expansion Continues With 2 MSF Lease
Vulcan Real Estate is developing the four towers slated for a 2023 completion.