Amazon still expanding to NYC for rent Bryant Park

Lease 330,000 square meters in 10 Bryant Park-or 452 Ave. Ave. at West 40th St.-It is a great news for both Jeff Bezos and the office market in the middle of the fire in the middle of the fire.

The deal in the former HSBC tower was closed last week, The Real Deal reported. Check Realty Check reported for the first time last October, and things were shifted smoothly after that.

The rent in the Amazon holds the tower owned by the little -known property of Israel and Building Corp in 100% spoken to it. Sources said that the HSBC, which moved to the coil of Tshman Spare, is paying rent by the end of this month on the 3-11 floors, which Amazon will conquer.

Despite the fear that Amazon’s obstacle in 2016, when politicians threw his hopes for a big campus in Queens, would intimidate it from the city, Bezos has ruthlessly expanded here.

He bought former Lord & Taylor Fifth Fifth, where Amazon has 2,000 employees, for $ 1 billion in 2020 (and where a 34,000-square-foot food court called Shaver Hall will open this year). Since then, while Bezos ordered most of the office employees five days a week, she bunk at 330 W. 34th St., 237 Park Ave. and 5 Manhattan West.

They were all relatively short -term subleases, two of them from Wework. But our sources said Amazon – which Bezos said they needed thousands of other places in the city than he was – are unlikely to give up their space in 10 Bryant Park is ready until early 2026.

“This is really their first, long -term direct commitment from the pandemia,” one source said.

“And it’s quite close to other locations to call it a Manhattan campus for them.”

Amazon’s rent at 10 Bryant Park will begin with $ 29.5 million a year, rising to $ 32.2 million in another five years, Real Deal reported, citing a Proppery & Building appearance with Tel Aviv scholarship.

The landlord was repeated by a JLL team led by Paul Glickman and Benjamin Bass. A different jl repped Amazon team. All involved in the transaction or refused to comment or could not be reached.

Amazon’s is the latest large -scale midtown corporate expansion, and removes another high quality block of space from available inventory. Many intermediaries, such as Mary Ann Tighe of CBre and Stephen B. Siegel, have warned that Midtown’s high-level buildings were actually finishing space-a phenomenon that would seem unimaginable only four years ago.