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Amazon.com, Inc. (NASDAQ:AMZN) Signs A Warehouse Lease Agreement With Matrix Development Group In Staten Island

To increase its footprint in Staten Island, Amazon.com, Inc. (NASDAQ:AMZN) signed a pact with Matrix Development Group in Staten Island for 450,000 Sq. Ft. It is located adjacent to its 855,000 Sq. Ft. distribution center opened in 2017. The new warehouse will concentrate on its last-mile deliveries. The existing distribution center will focus on sorting and storing goods.

Signs a lease agreement with SL Green Realty Corp

Amazon signed a lease accord with SL Green Realty Corp for 335,408 Sq. Ft. at 410 Tenth Avenue in New York on December 9, 2019. Director (Leasing and Real Property) and Executive Vice President of SL Green, Steven Durels, said the company is pleased to welcome the e-commerce giant to the 410th Avenue. He further said Amazon’s selection of 410th Avenue is an endorsement for its redevelopment plan of the building.

Amazon Arlington Solar Farm Virginia

Arlington County and Amazon are exploring options to fulfill a majority of the energy requirement from a solar farm, which is situated at 240 miles south to the second headquarters of Amazon. On Tuesday, Arlington County Board will decide on the approval of the accord with Dominion Energy Virginia, to purchase power from the Pittsylvania County-based solar facility. The new solar facility called ‘Amazon Arlington Solar Farm Virginia’ will be constructed on the farmland of 1,500 acres in Southern Virginia based Pittsylvania County. It expects to produce energy beginning in early 2022.

Annual power capacity is 250 million kilowatt-hours

The annual power generation capacity of Amazon Arlington Solar Farm Virginia is expected to reach 250 million kilowatt-hours. Amazon expects to purchase 68.3% of this power from its Arlington Solar Farm, whereas Arlington will buy 31.7%. According to Amazon, its 68.3% share of the power will energize its second headquarters in Crystal City and also in Pentagon City. Amazon will power its fulfillment centers statewide, Whole Sale Food Market, and 2.1 million Sq. Ft. Office Towers at the Metropolitan Park.

It is in line with the climate pledge of Jeff Bezos, CEO of Amazon, to switch to 100% renewable energies by the year 2030. Amazon drew plans last year to get some solar energy from Frederick, Virginia based Solar Facility.

Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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