Amazon has greatly expanded its Bay Area footprint lately, snapping up property almost every month for the past five months.
Amazon continues its expansion across the Bay Area, this time in an all-cash deal in Santa Clara. The buyer was actually a subsidiary of the e-commerce giant, Amazon Data Services, which paid $51.8 million for the land, as first reported byReal estate records revealed that the sale of 2315 Mission College Blvd. made a tidy profit for previous owner IPI Partners, which had purchased the site in June 2021 for $47.1 million.
Just last month, the tech behemoth acquired 60 acres of land in Gilroy for $31.2 million, according to the filings with the Santa Clara County Clerk Recorder's office. The company also signed a 10-year lease in November for a warehouse on Coliseum Way in Oakland to strengthen its delivery services,it was desirable property due to its proximity to public transit and freeways. This news came nearly a year after Amazon spent $200 million for a potential warehouse site in San Francisco’s Potrero Hill neighborhood.
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