Amazon’s real estate arm reportedly involved in several deals this week

Amazon fulfillment

Amazon (NASDAQ: AMZN) appears to have had a busy week on the real estate front as it has been tied to several large transactions.

Amazon spending spree?

On June 23, Business Insider reported that the company had signed a deal in New York City to lease its biggest facility ever. The one million square foot, multi-story facility will replace a currently vacant paper factory in Queens. The report also said Amazon was negotiating a lease on a 620,000-square foot facility that is under construction in...

https://s29755.pcdn.co/news/amazons-real-estate-arm-reportedly-involved-in-several-deals-this-week

Prologis sees ‘accelerated’ demand for logistics real estate

Leading global logistics real estate provider Prologis Inc. (NYSE: PLD) believes the pandemic has “accelerated the retail evolution” and is “pulling forward several years of adoption.”

The comments referred to the growing trend of retailers seeking to bolster their online presence and commitment to ecommerce fulfillment. These were some of the highlights from the real estate investment trust’s (REIT) sixth installment of a special reporting series on the impacts COVID-19 is having on demand for...

https://www.freightwaves.com/news/prologis-sees-accelerated-demand-for-logistics-real-estate

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