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

Furniture retailer inks deal for giant warehouse

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
The Chetrit Group's Joseph Chetrit and Park West Village on the Upper West Side (Getty Images, Google Maps)
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Bruce Teitelbaum, 106 West 145th Street and Al Sharpton (Getty, Google Maps)
Teitelbaum slaps Sharpton with legal notice at Harlem HQ
Teitelbaum slaps Sharpton with legal notice at Harlem HQ
Jack Resnick & Sons president Jonathan Resnick and 250 Hudson Street (Getty Images, Google Maps)
PR giant Edelman renews massive space at Resnick’s 250 Hudson Street
PR giant Edelman renews massive space at Resnick’s 250 Hudson Street
Letitia James  with 18-36 Columbus Avenue (Getty, Loopnet)
Rockland County “fraudster” banned from real estate
Rockland County “fraudster” banned from real estate
(Illustration by Kevin Rebong for The Real Deal with Getty)
Cannabis goes legit: Real estate sees green in budding industry
Cannabis goes legit: Real estate sees green in budding industry
 SL Green’s Marc Holliday with 450 Park Avenue  (Taconic Partners, SL Green)
TRD Pro: Here are NYC’s biggest offices sales of Q2
TRD Pro: Here are NYC’s biggest offices sales of Q2
Sen. Mitt Romney and Sen. Kyrsten Sinema (Getty)
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
From left: Jeff Goldberg, CEO of Fairstead, and Will Blodgett, Founder of Tredway (Getty Images, Fairstead)
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
Fairstead fires back, alleges Blodgett threatened to go “torched earth”
arrow_forward_ios

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

Loading...