Amazon reportedly is seeking proposals from potential capital partners for a warehouse expansion that could include 80 new logistics facilities in U.S. cities and rural areas. The move, said to potentially be worth $15 billion, would reverse a post-pandemic construction slowdown that followed a rapid expansion during the pandemic, according to a Bloomberg report that cited anonymous sources familiar with the matter.
The report said new properties are expected to primarily be delivery hubs where product is loaded for final delivery to homes and businesses. However, larger, multi-story fulfillment centers also could be included, the Bloomberg report said.
The sources told the news outlet that the e-commerce giant is willing to lease the facilities for between 15 and 25 years and could fund some of the sites directly.
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Kristen Smithberg
Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
