Amazon, Home Depot Leasing Space in Three-Story Warehouse in Seattle

Amazon and Home Depot will become tenants of a new state-of-the-art, three-story warehouse and fulfillment center in Seattle developed by logistics giant Prologis, part of the huge push to fulfill ecommerce within a day in major urban markets, according to the Wall Street Journal.

The nearly 600,000-square-foot facility was completed by Prologis in 2018. It’s one of a small handful of multi-story fulfillment center projects in the U.S. as the concept, long in use in Europe and Asia, takes root here because available real estate is at a premium. There are three such projects in New York City.

Amazon will occupy about 500,000 square feet, with Home Depot taking up the rest, the WSJ reported. As available commercial space for ecommerce fulfillment is at such a premium in a tight market, building up is a solution that makes sense. In some cases, this has led to the repurposing of vacant retail space, including abandoned malls, with Amazon being one company taking advantage of the latter.

The Prologis facility has freight elevators that can carry forklifts and a ramp for trucks to access loading docks on the second floor. The first two floors are warehouse space, with areas for light manufacturing and offices on the third floor.

The largest two-story fulfillment center in the country is under construction in the Bronx, NY, with a planned 2021 opening. It will enable ecommerce tenants to service the New York metro market with same-day delivery.

That facility, being developed at 2505 Bruckner Blvd. by Innovo Property Group and Square Mile Capital Management, will total 969,000 square feet, including 595,000 square feet of warehouse space and 374,000 square feet of parking. It was the former location of the Whitestone Multiplex Cinemas.