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Amazon’s HQ2 Impact on Net Lease

When Amazon announced they were looking to create a second headquarters, cities from all over North America scrabbled to put together an incentive…

Jonathan Hipp

When Amazon announced they were looking to create a second headquarters, cities from all over North America scrabbled to put together an incentive package. “HQ2” will bring a $5-billion investment and create as many as 50,000 high paying jobs, both huge wins for any city.

Communities pulled some unorthodox stunts to attempt to land HQ2. Tucson, AZ sent a 21-foot cactus to Amazon Seattle headquarters, Ottawa, Canada, asked the fans at a hockey game to cheer for Amazon, while Stonecrest, GA offered to change the town name to Amazon. In all, Amazon received 238 proposals and recently released a list of 20 finalists.

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Jonathan Hipp

Jonathan Hipp

Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.

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