Andy Jassy And Jeff Bezos Of Amazon Acquire Development Site In Orland Park For $21.5M

A development site spanning approximately 35 acres located at the intersection of 159th Street and LaGrange Road in Orland Park, Illinois, was sold for $21,500,000. The site is intended for the construction of a 229,000-square-foot store, indicating a significant investment in physical retail by Amazon.com, Inc.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $21,500,000
• Address: 159th Street & LaGrange Road
• Market: Orland Park
• Asset Size: 35 acres
• Building Square Feet: 229,000
• Price Per Building Square Foot: $94
• Buyer: Andy Jassy & Jeff Bezos - Amazon
• Seller: James Dremonas

This transaction features key figures in the retail and technology sectors, with Andy Jassy and Jeff Bezos representing Amazon in the purchase, highlighting the company's strategic move into expanding its physical retail presence amidst shifting approaches to market engagement. The proximately planned opening in 2027 places it near prominent retail competitors like Walmart and Target Corporation.