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
Village of Freeport Mayor Robert Kennedy, and Cleveland Avenue fields (Google Maps, Twitter via 
Robert Kennedy)
Village, school district feud over potential land sale to Amazon
Village, school district feud over potential land sale to Amazon
Macy's to Amazon: Not in my house
Macy’s to Amazon: Not in my house
Macy’s to Amazon: Not in my house
Publicly traded firms now own $1.64T of US real estate
Publicly traded firms now own $1.64T of US real estate
Publicly traded firms now own $1.64T of US real estate
Amazon Fresh on Westside sells for $35M to family office
Amazon Fresh-leased Westside complex sells for $35M
Amazon Fresh-leased Westside complex sells for $35M
The office space (JLL)
Amazon plans last-mile distribution center in Hauppauge
Amazon plans last-mile distribution center in Hauppauge
Amazon CEO Andy Jassy with Executive Chair Jeffrey Bezos
Amazon to open 100 more US facilities in September
Amazon to open 100 more US facilities in September
511 Barry Street and CenterPoint Properties CEO Bob Chapman (CBRE, GI Partners)
CenterPoint buys second warehouse in Hunts Point
CenterPoint buys second warehouse in Hunts Point
Peloton CEO John Foley with the Linden Logistics Center in Linden and Amazon CEO Jeff Bezos with the  JFK Logistics Center at 253-51 Rockaway Boulevard in Woodmere (Getty, Peleton, CBRE)
Tenants can’t get enough of warehouses
Tenants can’t get enough of warehouses
arrow_forward_ios

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

Loading...