Amazon Signs 17-Year Lease For NYC Brick-And-Mortar Location

Chris CrumBusiness

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Last month, we learned that Amazon was planning to open a brick-and-mortar store across the street from the Empire State Building, and on the same street as the Macy’s flagship store. This was according to The Wall Street Journal, which said Amazon would test this physical location concept, and if successful, could expand it to other cities.

Well, it looks like Amazon is going to go ahead and get comfortable in the location, as the company has signed a 17-year lease. Amazon has agreed to lease 470,000 square feet of space from Vornado Realty Trust, which, according to a new report from the Journal, includes "a site people familiar with the matter say will serve as a same-day shipping hub, warehouse and the company’s first customer-facing brick-and-mortar location."

The 17-year lease was confirmed by the realty company, which released the following statement:

VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a 17-year lease with Amazon for 470,000 square feet at 7 West 34th Street, an office building in the Penn Plaza District where Vornado owns approximately 9 million square feet of commercial space.

Here's a look at the place via Google Street View:

Amazon brick and mortar manhattan

According to the initial WSJ report, the spot will function as a “mini warehouse, with limited inventory for same-day delivery within New York, products returns and exchanges, and pickups of online orders," and "is meant primarily to be a place for customers to pick up orders they’ve made online, but will also serve as a distribution center for couriers and likely one day will feature Amazon devices like Kindle e-readers, Fire smartphones and Fire TV set-top boxes."

Since that report came out, the company has reportedly opened temporary retail stores in San Francisco.

In New York City, the company has since launched its AmazonFresh grocery service.

Image via Google Street View

Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.