Amazon inks lease at Liberty View complex

E-commerce giant makes 7-year deal for distribution space in Sunset Park

New York /
Nov.November 19, 2015 02:10 PM

E-commerce leviathan Amazon plans to open a distribution outpost at Salmar Properties’ Massive Liberty View Industrial Plaza in Sunset Park.

The company signed a seven-year lease, with a renewal option for two additional five-year terms, at the 1.1 million-square-foot complex, according to a memorandum of lease dated Oct. 26. The size of the space is not clear.

Requests for comment from Salmar Properties and from brokers Newmark Grubb Knight Frank were not immediately returned.

Asking rents at the building are in the high $20s or low $30s per square foot, according a source familiar with the building.

The eight-story building, located at 850 Third Avenue, is already home to Bed Bath & Beyond, which occupies 120,000 square feet on the second floor, and Koppers Chocolate, which leases 50,000 square feet on the third floor.

The rest of the property is currently vacant, according to CoStar.

Last year, Amazon signed a 17-year lease for 470,000 square feet of at Vornado Realty Trust’s 7 West 34th Street.

In September, an Amazon contractor, Virginia-based LaserShip, signed a 10-year lease at a warehouse in Ridgewood.


Related Articles

arrow_forward_ios
From left: Amazon’s Andy Jassy and Innovo’s Andrew Chung along with a rendering of 2505 Bruckner Boulevard (Getty, Amazon, Innovo)
Amazon takes 568K sf at Innovo, Square Mile’s Bronx industrial complex
Amazon takes 568K sf at Innovo, Square Mile’s Bronx industrial complex
Prologis CEO Hamid Moghadam and CFO Timothy Arndt (Prologis, Getty)
Prologis CEO denies Amazon, FedEx industrial pullback
Prologis CEO denies Amazon, FedEx industrial pullback
Prologis CEO Hamid Moghadam and Amazon CEO Andy Jassy (Getty, Prologis)
Warehouses are losing their heat
Warehouses are losing their heat
Falcon Properties' Florencia Masri and 1030 Sixth Avenue (Falcon Properties, Google Maps, Getty)
Owner seeks $75M for dev site near Amazon’s Midtown office
Owner seeks $75M for dev site near Amazon’s Midtown office
CBRE's Chuck Leitner with the Brooklyn Logistics Center (CBRE, MarchAssociates Construction)
CBRE arm scores $106M refi for Amazon-operated warehouses
CBRE arm scores $106M refi for Amazon-operated warehouses
From left: Mark Zuckerberg, Jeff Bezos and 770 Broadway (Getty, Loominosity Z, CC BY-SA 2.0 - via Wikimedia Commons)
Meta, Amazon bail on NYC office expansions
Meta, Amazon bail on NYC office expansions
Pyramid Management Group’s Stephen Congel and Crossgates Mall in Albany (Pyramid Management Group, Google Maps)
Amazon paying rent, but mall landlord sues anyway
Amazon paying rent, but mall landlord sues anyway
DH Property Holdings's Dov Hertz, CBRE Investment Management’s Chuck Leitner and 640 Columbia Street (CBRE, 640 Columbia)
CBRE nears $330M deal for Amazon-leased warehouse in Red Hook
CBRE nears $330M deal for Amazon-leased warehouse in Red Hook
arrow_forward_ios

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

Loading...