Amazon closes purchase of 522 Fifth Ave.
A few weeks ago, we described Amazon as an “ever-expanding behemoth” on the Manhattan scene, following its 330,000 square-foot lease signing at 10 Bryant Park.The deal followed its $1 billion purchase of the former Lord & Taylor building and large leases at three other buildings.But Jeff Bezos wasn’t done.
On Friday, Amazon closed on the purchase of 522 Fifth Ave.from Aby Rosen’s RFR Realty, as reported by the Real Deal.
The price wasn’t disclosed, but the acquisition added 600,000 more square feet to Amazon’s presence here.This, from a company many said would abandon New York after its bid for a regional headquarters campus in Queens was scuttled by elected officials in 2016.As CBRE dealmaker Stephen B.Siegel told us a few weeks ago, “Never give up on New York City or the availability of capital here.”...