Item No. 8d supp
Meeting Date: October 14, 2025

Building 156A Air Cargo Term Lease

Actions Requested

Request Commission authorization for the Executive Director to execute an
Airport Term Lease Agreement with Amazon.com Services, LLC. (Amazon) for
cargo building and related facilities at Seattle-Tacoma International Airport
(Airport). The proposed lease term is for ten (10) years.

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Lease Overview
• Amazon has operated a portion of their air cargo operations
through their contractor (WFS-Express) within Building 156A
since 2021
• The Port has negotiated a direct lease with Amazon where
Amazon would take over the entirety of Building 156A and
associated yard/parking areas
• This lease will allow Amazon to consolidate their air cargo
operations from multiple SEA buildings into one, which aligns
with the Port's broader space management plans.
• Over the 10-year term of this lease, the Port would collect
approximately $18,008,551 in rent revenue

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Term Lease Details
Building 156A Term Lease Terms
Tenant Name

Amazon.com Services LLC

Term

10 years

Termination Option

Amazon will have a termination option at month 66 of the lease

Monthly Base Rent

$143,418.39 for the first year

Rental Rate Adjustments

Monthly Base Rent will increase 3% annually. At year 5 of the lease, Base Rent will
increase based on a Fair Market Rent Appraisal

Permitted Use

Amazon shall use the Premises for aircraft cargo processing, ground
support/maintenance and related handling services performed by Amazon and its
affiliates, cargo handling, ground handling, equipment maintenance and general
offices in support of Amazon's operations.

Security Requirement

6 months' base rent

Insurance Requirement

General Liability Coverage: $5 million per occurrence
Auto Liability Coverage: $5 million per occurrence for vehicles on AOA, $1 million
per occurrence for vehicles off of AOA

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