Office-supplies giant W.B. Mason takes 173K sf in Bronx

Tenant to open its first NYC distribution center

New York /
May.May 12, 2015 01:45 PM

W.B. Mason, the largest privately-held U.S. seller of office supplies, is opening its first distribution center in the city. The Brockton, Mass.-based company inked a 10-year lease for a total of 173,000 square feet on the site of one-story Bronx warehouse.

The lease, which comes with a five-year option, covers a 107,000-square-foot space inside the property at 1150-1170 Commerce Avenue and 66,000 square feet of off-street parking and loading zone. The building is located in the Castle Hill neighborhood, in the Bronx’s South Central section.

Upper East Side-based investment firm BNS Real Estate owns the roughly 160,000-square-foot building, which is also occupied by water-jug manufacturer D.S. Waters. Industrial Acoustics Company, which makes sound-control products, formerly leased the space that W.B. Mason would now fill.

A Pinnacle Realty team led by James Tack and Fred Stein represented the tenant and the landlord.

W.B. Mason, which is a major sponsor of Major League Baseball game coverage, also has an outdoor loading site at 460 Kingsland Avenue in Greenpoint. The company plans to move into the Bronx space in the next two months.

Two other businesses are taking massive Bronx spreads for industrial use. Online grocer FreshDirect is building a 500,000-square-foot distribution center at the Harlem River Yards in Port Morris, and food delivery service Plated inked a lease for 84,000 square feet in Hunts Point.

Philip Rosen, a lawyer at Weil, Gotshal & Manges who often represents companies buying industrial space in the city but was not involved in the W.B. Mason deal, said he is a seeing a trend regarding firms taking huge space, especially in the Bronx.

“The Bronx has its advantages, in that the price rise hasn’t hit as hard there,” Rosen said. “There is easy access to main roads going into Manhattan, allowing for a faster delivery time.”


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

Prana pays Related $36M in Bronx multifamily play
448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

Private developer’s NYCHA project in Mott Haven lands $79M in financing
1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

Maddd Equities, Joy Construction score $64M for massive Bronx project
48-00 Grand Avenue in Maspeth and Prologis CEO Hamid Moghadam (Google Maps; Prologis)

Prologis picks up Maspeth parcel for $51M

Prologis picks up Maspeth parcel for $51M
Silvercup Studios in Long Island City, NY (Getty)

The rise of soundstage real estate, by the numbers

The rise of soundstage real estate, by the numbers
Matthew Dicker, Adam Gordon and Jeff Bezos with 1255 and 12595 Flatlands Avenue (Getty, Brooklyn Logistics Center) 

Amazon inks major warehouse deal in East New York

Amazon inks major warehouse deal in East New York
Silvercup Studios (Getty)

Outer-borough loan activity fired up in October

Outer-borough loan activity fired up in October
554 Fort Washington Avenue (top) and 235 Gardner Avenue (Google Maps)

East Williamsburg warehouse fetches $28M

East Williamsburg warehouse fetches $28M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...