Amazon.com, Inc. (AMZN) Continues To Grow In Seattle
Amazon.com, Inc. (NASDAQ:AMZN) has leased an additional 817,000 square feet of office space at the Troy Block, which is under construction, near its headquarters in Seattle. The lease is in line with the company’s growth trajectory, especially in urban centers where more office space is needed. The building being leased is located east of Amazon’s current offices in South Lake Union.
Amazon.com, Inc. (NASDAQ:AMZN) will be leasing 422,000 square feet in the northern tower and 395,000 square feet of the southern tower. Built in 1927, the Troy Laundry Building houses the Troy Laundry Company, with its brick façade still standing along Fairview Avenue. The e-commerce giant’s appetite for space in Seattle has ballooned, consequently changing the dynamic of the South Lake Union and Denny Triangle areas.
Amazon.com, Inc. (NASDAQ:AMZN) is also constructing, what is believed to be, the largest project in the area, a 3.3 million square foot project in the Denny Triangle. The company is also believed to be planning to build a 24-story tower and another 6-story building on the block between Seventh and Eighth Avenues.
Amazon’s worldwide headcount continues to grow, even though the company has never provided an official breakout of its Seattle area employment. However, by the end of 2014, Amazon.com, Inc. (NASDAQ:AMZN) is estimated to have hired more than 154,000 personnel, made up of workers for its network of fulfillment centers across the globe. The ongoing expansion and leasing of more office space, according to the Puget Sound Business Journal, could allow the company to house more than 70,000 employees in the Seattle area alone.
The need for more space has been necessitated by the company’s expansion into other areas of business, which it believes are key for its long term growth and stability. Apart from the core e-commerce business, Amazon is expanding into areas of content creation and delivery, while maintaining a close eye on the enterprise business.
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