Real Estate
Amazon Seeks Partners for $15 Billion Warehouse Expansion Plan
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Amazon.com Inc. is considering a $15 billion warehouse expansion plan for nearly 80 new logistics facilities in US cities and rural areas that would reverse its post-pandemic construction slowdown, according to people familiar with the matter.
The e-commerce company is asking potential capital partners to submit proposals, the people said, asking not to be identified citing private information. The properties are expected to be mostly delivery hubs, where vans and trucks are loaded for the final leg to shoppers’ homes, but some projects would also include large, multi-story fulfillment centers packed with robots, the people said.