HOUSTON – (Realty News Report) – Amazon, which recently announced plans to increase its national footprint by roughly 50 percent, is closing the year with a surge of real estate activity across Texas, Louisiana and Southern California. The company’s expansion includes a mix of new fulfillment centers, transportation hubs and last-mile delivery facilities.
“We expect to grow our fulfillment and logistics network square footage by approximately 50 percent this year, which includes significant additions to our fulfillment centers as well as our transportation facilities,” Amazon chief financial officer Brian Olsavsky said on the company’s third-quarter earnings call.
Recent Amazon Deals Include:
SAN ANTONIO: Hines Global Income Trust, sponsored by the Houston-based Hines real estate firm, acquired an Amazon-leased e-commerce fulfillment center in Schertz, northeast of San Antonio. The facility totals 1,262,294 square feet and sits near Interstate 35 between San Antonio and Austin. Commercial Property Executive reported the sale price at $129.2 million.
MISSOURI CITY, Texas: Amazon is planning a 1 million-square-foot fulfillment center in Missouri City on Houston’s southwest side near the Fort Bend Tollway and Highway 6, at 2303 Hurricane Lane. The site is slated to open in late 2021, with Lovett Commercial serving as landlord.
SAN ANTONIO: Amazon intends to open two fulfillment centers in San Antonio: a 1 million-square-foot facility expected in 2021 and a 750,000-square-foot robotics-enabled fulfillment center planned for 2022. In addition, the company will build a new last-mile delivery station of approximately 350,000 square feet at 8210 Aviation Landing. “Together, these three new facilities in San Antonio will occupy more than 2 million square feet and employ thousands of San Antonians,” said Jenna Saucedo-Herrera, CEO of the San Antonio Economic Development Foundation.
SANTA ANA, California: Lee & Associates negotiated the sale of 16.5 acres to Amazon on behalf of Caribou Industries in a transaction valued at $63 million. The site is conveniently located near multiple freeways and the former Orange County Register property, which is being redeveloped as 625IVE. The Lee & Associates Orange Office Advisory Group — led by Marshal Vogt, Matt Orville and Jaimeson Hearne with partner Jack Haley — represented the seller in the transaction.
CARENCO, Louisiana: Amazon plans to develop a fulfillment center in Carencro, near Lafayette and positioned between Lake Charles and Baton Rouge. The proposed 1 million-square-foot facility is expected to bring more than 500 full-time jobs to Acadiana and surrounding areas, Governor John Bel Edwards said, calling the project a significant asset for Louisiana.
Amazon, which employs roughly 43,000 people in Texas, continues to add new facilities across the state. In Pflugerville, a suburb of Austin, the company is developing a 3.8 million-square-foot distribution complex on 94 acres near State Highway 130. In Fort Bend County, an 850,000-square-foot fulfillment center is under construction in Richmond.
Dec. 28, 2020 Realty News Report Copyright 2020
File: Amazon Construction Boom Unleashed
File: (2) Gov. John Bel Edwards. San Antonio. Amazon Construction Boom Unleashed at Year-End. Hines. Lee & Associates.