Business & Tech

Amazon Opening New Office In Portland

Amazon recently signed a lease for more space in downtown Portland.

PORTLAND, OR -- Amazon recently signed a lease for more space in downtown Portland. The Portland Business Journal reported the online commerce giant "signed a lease for nearly 85,000 square feet of space inside the under-construction Broadway Tower" in downtown Portland.

"The expansion comes just four months after Amazon's AWS Elemental — a developer of video processing technology which Amazon acquired for $296 million in 2015 — moved into a new headquarters across the street in the 1320 Broadway Building, where it occupies 101,000 square feet," the Journal reported.

"AWS Elemental employs about 400 people, though its headquarters at 1320 Broadway has the capacity to hold 600."

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The news comes as the city of Portland, along with more than 100 other cities in the country, wait for Amazon to announce where it will open its second headquarters.

Last year, the Seattle-based company said it was looking to open a second headquarters with plans to hire roughly 50,000 people.

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The city of Portland proposed building the headquarters in one of four sites in Oregon, reported the Oregonian, but the proposal did not "include any special incentives for Amazon."

--Patch file photo

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