Amazon’s 330,000-square-foot lease at 10 Bryant Park, or 452 Fifth Ave.- at West 40th St., is big news for Jeff Bezos’ ever-growing giant, as well as for the midtown office market.
Previous deals at HSBC Tower were closed last week, Real Deal reported. Realty Check first reported consultations last October, and things have since moved smoothly.
Amazon’s Lease owns a tower 100% spoken by Israel’s lesser known Real Estate & Building Corporation. Sources say HSBC, which has moved to Tishman Speyer’s spiral, will be paying rent until the end of this month on the 3rd to 11th floors occupied by Amazon.
Despite the fear that a 2016 Amazon set-off that nixed hopes for Queens’ main campus, Bezos mercilessly expanded here.
He bought Amazon the flagship of former Lord & Taylor on Fifth Avenue, which has $1 billion and has 2,000 employees in 2020 (and this year it will open a 34,000-square-foot food court called Shaver Hall). Since then, Bezos has packed space at 330 W. 34th St., 237 Park Ave., 5 Manhattan West, as most employees ordered to return to the office five days a week.
They are all relatively short-term rises, two of which are from Wework. However, our sources say Bezos needed thousands of seats in the city if the space at 10 Bryant Park was ready by the beginning of 2026.
“This is our first long-term direct lease commitment since the pandemic,” one source said.
“And calling it a Manhattan campus for them is close enough to elsewhere.”
10 Amazon rent at Bryant Park started at $29.5 million a year and increased to $32.2 million over five years, reported Real Deal, citing real and building submissions to the Tel Aviv Stock Exchange.
The landlord was represented by the JLL team led by Paul Glickman and Benjamin Bass. Another JLL team represented Amazon. Everyone involved in the transaction either declined to comment or was not able to reach it.
Amazon’s is the latest major enterprise expansion in Midtown, removing another high-quality block of space from available inventory. Many brokers, including CBRE’s Mary Antie and Stephen B. Siegel, have warned that Midtown’s top tier buildings are actually running out of space.
