The Public Sector Pension Investment Board has announced a deal in which Amazon.com Inc. will lease all of the office space in a new building in Boston’s seaport area.
The deal involves PSP Investments’ partner, WS Asset Management Inc., a Massachusetts-based property developer. Amazon expects to move 2,000 employees into the 17-storey, mixed-use building in which it will occupy about 40,000 square metres of space. Construction is to begin later this year, with an expected completion in 2021.
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“PSP Investments is pleased to join our partner WS Development in welcoming Amazon to Boston’s seaport,” said Kristopher Wojtecki, managing director for real estate at PSP Investments, in a press release.
“Amazon’s presence will further strengthen the innovation ecosystem and creative economy in this burgeoning technology cluster.”
The building will also include two levels of retail space. Boston’s seaport represents an ongoing development of about nine hectares of land involving a mix of more than 700,000 square metres of residential, hotel, office, retail, entertainment, civic and cultural spaces.