The new CEO of Worldwide Amazon Stores has headed up the e-commerce giant's North American consumer business since 2015.
The company is adding more than 2,000 jobs in the region.
There are hints of overcapacity in the entire industrial market, not just with e-commerce behemoth Amazon.
Amazon is taking its foot off the gas following months of unprecedented growth during the pandemic.
The e-commerce giant added 52M SF in 2022, a major step back from 2020 and 2021, but still much more than its competitors.
After spending the first two years of the pandemic growing its industrial portfolio at unprecedented rates, Amazon continues reeling in its logistics footprint.
The retail giant has had some safety issues with solar power.
The e-commerce giant is pushing back fulfillment center openings in Iowa, Texas and Tennessee as the company slows its industrial growth.
The site is entitled for a 105-foot-tall warehouse and fulfillment center.
A €250M loan from Citi will kick-start the new venture from MARK
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