Amazon has signed a lease for a new 330,000 square foot office in New York City. Located at 10 Bryant Park (452 Fifth Ave. at West 40th St.), the e-commerce major will take full occupancy of the former HSBC tower. This transaction marks the latest expansion for the company and brings the building to 100 per cent spoken for under its current ownership.
According to a report by The Real Deal, the deal closed last week following initial lease negotiations first revealed by Realty Check in October 2024. Sources indicate that discussions proceeded without major obstacles, allowing both parties to finalise terms on time.
With Amazon’s commitment, the Israel‑based Property & Building Corp. now has no remaining vacancies in the 330,000 sq ft property. HSBC, which has relocated to Tishman Speyer’s Spiral, will continue to pay rent on floors 3–11 through the end of this month; Amazon is scheduled to take possession of those levels thereafter.
“This is really their first, long-term direct-lease commitment since the pandemic. And it’s close enough to the other locations to call it a Manhattan campus for them,” one of the sources said to The Real Deal.
Citing a filing by Property & Building with the Tel Aviv Stock Exchange, the report noted that Amazon’s annual rent at 10 Bryant Park will begin at $29.5 million and climb to $32.2 million after five years.
The landlord was represented by a JLL team led by Paul Glickman and Benjamin Bass, while Amazon worked with a different JLL group.
Amazon maintains New York footprint despite 2016 setback
Despite concerns that blocking its planned 2016 Queens campus may prompt an exit, Amazon has continued to expand its presence in New York City.
In 2020, Bezos purchased the former Lord & Taylor flagship on Fifth Avenue for $1 billion, which currently houses around 2,000 employees and is set to debut Shaver Hall—a 34,000 sq ft food court—later this year.
After directing most staff back to the office full‑time, the company added workspace via short‑term subleases at 330 West 34th Street, 237 Park Avenue and 5 Manhattan West (two of which came through WeWork).
According to sources, Amazon, which Bezos has said needs thousands more seats in the city, does not plan to give up on these subleased floors when its new offices at 10 Bryant Park open in early 2026.
According to a report by The Real Deal, the deal closed last week following initial lease negotiations first revealed by Realty Check in October 2024. Sources indicate that discussions proceeded without major obstacles, allowing both parties to finalise terms on time.
With Amazon’s commitment, the Israel‑based Property & Building Corp. now has no remaining vacancies in the 330,000 sq ft property. HSBC, which has relocated to Tishman Speyer’s Spiral, will continue to pay rent on floors 3–11 through the end of this month; Amazon is scheduled to take possession of those levels thereafter.
“This is really their first, long-term direct-lease commitment since the pandemic. And it’s close enough to the other locations to call it a Manhattan campus for them,” one of the sources said to The Real Deal.
Citing a filing by Property & Building with the Tel Aviv Stock Exchange, the report noted that Amazon’s annual rent at 10 Bryant Park will begin at $29.5 million and climb to $32.2 million after five years.
The landlord was represented by a JLL team led by Paul Glickman and Benjamin Bass, while Amazon worked with a different JLL group.
Amazon maintains New York footprint despite 2016 setback
Despite concerns that blocking its planned 2016 Queens campus may prompt an exit, Amazon has continued to expand its presence in New York City.
In 2020, Bezos purchased the former Lord & Taylor flagship on Fifth Avenue for $1 billion, which currently houses around 2,000 employees and is set to debut Shaver Hall—a 34,000 sq ft food court—later this year.
After directing most staff back to the office full‑time, the company added workspace via short‑term subleases at 330 West 34th Street, 237 Park Avenue and 5 Manhattan West (two of which came through WeWork).
According to sources, Amazon, which Bezos has said needs thousands more seats in the city, does not plan to give up on these subleased floors when its new offices at 10 Bryant Park open in early 2026.
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