Amazon on verge of closing two major office leases in Vancouver and Toronto

August 14, 2017 2:05 pm

the vancouver sun

Amazon.com Inc. is close to finalizing deals to expand its office footprint substantially in both Toronto and Vancouver, moves that indicate its growing presence in the Canadian marketplace.

Ross Moore, a senior vice-president with Cresa Vancouver Commercial Real Estate Services, said industry sources indicate the Seattle-based company, has a deal to take 147,000 square feet in a new building planned by Oxford Properties in downtown Vancouver at 401 W. Georgia St. that would double its size in the city. He said Amazon is also finalizing details on space in Toronto’s Scotia Plaza.

“I’ve heard this more times that I can keep count. We are all walking around knowing it but nobody is saying it,” said Moore, about plans for the new Vancouver office being developed by Oxford, which is a subsidiary of the Ontario Municipal Employees Retirement System.

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