No assembly required: Ikea will be Amazon’s neighbor in Staten Island

Furniture retailer inks deal for giant warehouse

TRD New York /
Jan.January 11, 2018 04:50 PM

Matrix Global Logistics Park (Credit: Matrix and Ikea)

You can fit a lot of Färgriks and Poängs into 975,000 square feet. Ikea signed a long-term lease for a giant single-story Staten Island warehouse to store its weirdly-named furniture and service a growing online retail business.

The building is part of the Matrix Global Logistics Park, a 3.5 million-square-foot warehouse complex under construction near the Goethals Bridge in Bloomfield.

The property’s developer, Matrix Development, previously signed a lease with Amazon for another warehouse and plans to complete the buildings within three months, according to a release. Morgan Stanley is a partner in the project.

Ikea manages 47 stores in the U.S., including one in Red Hook that’s a 35-minute drive from the new warehouse.

Logistics real estate is a booming sector, as growing online retailers push up demand for storage space near big cities. — Konrad Putzier

Related Articles

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Here’s a look at Blackstone’s industrial plays after its record-breaking portfolio purchase

California passes landmark rent control law

Blackstone buys Colony Capital’s warehouse portfolio for $6B

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Clutter CEO and co-founder Ari Mir, and clockwise from left: 280 Fullerton Avenue, 1 Holland Avenue, 3046 Northern Boulevard and 5601 Foster Avenue (Credit: Linkedin, Google Maps)

Self-storage startup Clutter makes its first real estate play with $152M deal