The e-commerce company will occupy the full building at 800 Salem St. in Wilmington.
The developer closed a $130M deal to convert the Victory Center into 377 units, all of which will be affordable.
Amazon said it plans to cut 14,000 corporate positions, while UPS has eliminated 34,000 positions and exited 93 leased and owned buildings so far this year.
Analysts expect Amazon to increase its U.S. warehouse footprint by 51M SF this year.
Read about a major Amazon brick-and-mortar deal and several personnel moves in this week's Chicago Deal Sheet.
Amazon will lease the 615K SF warehouse for 10 years.
The latest massive Big Tech investment comes as President Donald Trump seeks to make companies pay for the infrastructure needed to support their data centers.
A leaked meeting transcript shows the tech giant plans to push its average office vacancy from 31% down to 22.9%, cutting office space along the way.
Crane Worldwide Logistics signed the sizable deal in partnership with Amazon to store equipment for Amazon Web Services data centers in the Midwest.
Walton Street Capital sold the warehouse to Amazon.
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