Benzinga | Jul 13, 2021 12:22PM EDT

Amazon Warehouse Harbors Ambitions To Go Public: WSJ

* Startup ROX Financial LP aims to launch a real estate investment trust via an NYSE initial public offering to acquire Amazon.com Inc (NASDAQ:AMZN) leased 146,000-square-foot Bay Area warehouse, the Wall Street Journal reports.

* A publicly traded real-estate company that owns only a single property does not currently exist in the U.S.

* The startup aims to grow and own a collection of warehouses to serve Amazon.

* It plans to raise $82.5 million from 8.25 million shares at $10 a share. The proposed ticker symbol is "AMZL."

* The firm would be starting with one warehouse in Oakley, Calif.

* The warehouse prepares orders for the last-mile delivery to Amazon customers.

* It includes automated conveyor systems and electrical infrastructure for future vehicle charging stations.

* The 25-acre site, built last year, houses a fleet of Amazon delivery vans in a business that competes with United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE:FDX).

* Price action: AMZN shares traded higher by 0.82% at $3,749.03 on the last check Tuesday.

* Photo by Maryland GovPics from Wikimedia Commons