Amazon looking to lease up to 1M sf for Brooklyn logistics facility

Options could include Industry City and Brooklyn Army Terminal

TRD NEW YORK /
Jul.July 24, 2019 05:45 PM
Amazon CEO Jeff Bezos and potential industrial sites in Brooklyn (Credit: Getty Images, Google Maps)

Amazon CEO Jeff Bezos and potential industrial sites in Brooklyn (Credit: Getty Images, Google Maps)

Amazon may not be bringing thousands of employees to New York anymore, but it still has plenty of customers in the city. And it needs more space to service them.

The e-commerce giant is looking to rent as much as 1 million square feet of industrial space in Brooklyn for a new logistics facility, Crain’s reported citing sources. One of the sites being considered is the 35-acre Industry City complex in Sunset Park.

Representatives for Industry City — a partnership between Jamestown, Belvedere Capital, Cammeby’s International and Angelo, Gordon & Co. — declined to comment.

Another possible option in the neighborhood may be the Brooklyn Army Terminal, where New York’s Economic Development Corporation is seeking to build a large distribution facility. Further north near the Gowanus Canal, Banner Oak Capital Partners, Dov Hertz and Bridge Development Partners are planning a 1.3 million-square-foot vertical warehouse at Sunset Industrial Park.

Amazon leased a 855,000-square-foot warehouse in Staten Island last year, and a 116,000-square-foot facility in the Bronx this year. The former owners of the Bronx facility, MRP Realty and AEW Capital Management, tripled their money this May by selling it to the Holterbosch family.

Industry City’s owners recently hit pause on a rezoning application that would allow for further expansion, after facing opposition from local City Council member Carlos Menchaca.
[Crain’s] —Kevin Sun

New on The Real Deal: Read our new daily digest for a roundup of all the news and deals, big or small, in New York City. Updated three times a day.


Related Articles

arrow_forward_ios
Industrial brokers say coronavirus is hurting but not destroying interest in their properties. (Credit: iStock)

Boom’s over, but industrial brokers keep busy

Amazon CEO Jeff Bezos in front of Fairway Market in Brooklyn (Credit: MANDEL NGAN/AFP via Getty Images; Jules Antonio via Flickr)

Amazon seeking to purchase 4 Fairway locations after grocery’s bankruptcy filing

Douglas Elliman's Howard Lorber and Amazon's Jeff Bezos (Credit: Getty Images)

Second-home tax would be “multiples worse” than Amazon loss: Howard Lorber

Amazon.com founder and CEO Jeff Bezos with the Lord & Taylor Building (Credit: David Ryder/Getty Images, and Ajay Suresh/Wikipedia)

Amazon buying Lord & Taylor building for $1.1B

Robert Reffkin and Greg Hart (Credit: Brad Barket/Getty Images for Fast Company, Kevin Winter/Getty Images)

Now streaming: Compass taps Amazon Video exec as chief product officer

Clockwise from top left: 66-26 Metropolitan Avenue, 11 Penn Plaza and 181 Livingston Street (Credit: Google Maps, 181 Livingston via Tishman Speyer) 

Tech inked big office leases in February, but not the biggest

Amazon CEO Jeff Bezos and Rentar Plaza at 66-26 Metropolitan Avenue in Queens (inset) (Credit: Getty Images and Rentar Development)

Amazon signs 300K-sf lease in Middle Village

The Lord & Taylor building at at 424-434 Fifth Avenue and Amazon CEO Jeff Bezos (Credit: Google Maps, Getty Images)

Amazon mulls buy of WeWork’s Lord & Taylor building

arrow_forward_ios
Loading...