by Natalie Kostelni Reporter Philadelphia Business Journal
Amazon.com Inc. has leased 94,000 square feet in Philadelphia for last-mile distribution as part of its continued expansion throughout the region.
The online retailer signed a long-term lease on a portion of a building at 700 Ramona Ave. in North Philadelphia, according to those familiar with the deal. The building had been vacant.
Amazon (NASDAQ: AMZN) has been one of the most active companies leasing industrial space throughout the region as it continues to build not only its network of last-mile distribution centers but larger warehouse buildings as well. In 2020, the online retailer signed onto more than 3 million square feet of space in the Philadelphia area, South Jersey and Wilmington in a mix of large and small warehouse facilities.
Among the more recent last-mile spaces it signed onto are 3750 State Road, a 235,000-square-foot building in Bensalem; 3025 Meeting House Road, a 207,500-square-foot building in Philadelphia; 2400 Weccacoe Ave., a 283,000-square-foot building in Philadelphia; and 2891 Benigno Blvd. in Bellmawr, New Jersey.
Those leases add to the other last-mile facilities Amazon already has in West Deptford, King of Prussia, Lansdale, Langhorne, Philadelphia and throughout South Jersey.
On a larger scale, Amazon signed leases last year on a 1.25-million-square-foot building under development in Carney’s Point, New Jersey, and an 820,000-square-foot facility at a former General Motors plant in Wilmington. It also opened in November a new 1-million-square-foot fulfillment center in Berks County. The facility is the online retail giant's 15th large fulfillment center in Pennsylvania.
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