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Originally published November 20, 2014 at 4:16 PM | Page modified November 21, 2014 at 6:28 AM

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Amazon leases office space near Empire State Building

The Seattle-based Web giant will take over 470,000 square feet for 17 years, and sublease the building’s retail space to others.


Seattle Times business reporter

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Amazon.com agreed to a 17-year lease on 470,000 square feet in an office building across the street from the Empire State Building in New York.

Seattle-based Amazon will consolidate its New York office operations into the 12-story building.

“We have leased this building primarily as corporate office space and we intend to sublease to other tenants the ground-floor retail space,” Amazon spokeswoman Kelly Cheeseman said.

Amazon has no current plans to open its own store in the space.

Vornado Realty Trust announced the completion of the lease Thursday and declined to comment on the deal.

The Wall Street Journal last month reported that Amazon was considering leasing the space for “a mini warehouse, with limited inventory for same-day delivery within New York, product returns and exchanges, and pickups of online orders.” Some of the space will likely serve as that warehouse, holding a limited inventory of goods frequently purchased by Amazon’s New York customers.

Amazon has been racing in the past few years to speed up delivery of goods to customers. In Brooklyn, for example, it launched its AmazonFresh grocery service last month, which delivers some smaller nonfood products in addition to perishables.

The goal is to minimize a key advantage brick-and-mortar stores have over it: the immediate gratification of taking possession of a product once it’s been purchased.

Amazon puts most of its warehouses in industrial or rural areas, often close to large cities. The mini warehouse will be the first time it has put a warehouse in the middle of a large, densely populated city.

Jay Greene: 206-464-2231 or jgreene@seattletimes.com. Twitter @greene



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