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

arrow_forward_ios
250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

Dov Hertz and Prologis CEO Hamid Moghadam with 150 52nd Street in Sunset Park (Credit: Google Maps, Proologis)

Prologis buying Sunset Park property teed up as new City Harvest HQ

CenterPoint CEO Bob Chapman, 101-01 Avenue D (top) and 103-00 Foster Avenue (Credit: Google Maps)

Warehouse frenzy continues as newcomer makes $134M Brooklyn buy

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Neir's Tavern (Credit: Google Maps)

Landlord to bar owner: You don’t have to go home but you can’t stay here

The agreement was signed today at UBC’s New York Council offices in Manhattan by Nathan Blecharczyk, Airbnb co-founder, Chief Strategy Officer, and Frank Spencer, General Vice President of UBC.

Airbnb hammers out partnership with carpenters’ union

arrow_forward_ios
Loading...