Amazon Leases 248,786 Square Foot Warehouse In West Fresno From Scannell Properties

The property asset involved in this transaction is a warehouse and office building located at the northeast corner of Marks & Nielsen Avenue, in West Fresno, CA. It encompasses a total square footage of 248,786 square feet, contributing to the broader industrial landscape of the region. The project, valued at approximately $100 million, represents a significant investment following extensive entitlements and construction efforts.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $100 million
• Asset Size: 248,786 square feet
• Address: Northeast corner of Marks & Nielsen Avenue
• Market: West Fresno, CA
• Landlord: Bob Scannell - Scannell Properties
• Tenant: Andy Jassy & Jeff Bezos - Amazon

This lease agreement solidifies Amazon's commitment to the space, marking the project's transition into a credit-backed industrial asset. The transaction highlights the strategic growth of Amazon as they take occupancy of one of the three planned buildings within the 833,000-square-foot complex, coinciding with a recovery in the Central Valley logistics market post-pandemic.