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

Options could include Industry City and Brooklyn Army Terminal
July 24, 2019 05:45PM

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

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