Amazon has made headlines with its recent acquisitions in New York City, expanding its footprint significantly despite previous setbacks with local officials. Following a large lease at 10 Bryant Park and the purchase of the former Lord & Taylor building, Amazon's recent purchase of 522 Fifth Ave adds an additional 600,000 square feet to its portfolio. Industry experts highlight that the company's push into New York showcases its resilience and strategy, emphasizing the city's continued appeal as a hub for business.
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.'
Amazon's purchase of 522 Fifth Ave. marked a significant expansion, adding 600,000 square feet to their New York presence, showing their commitment to the market.
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