Amazon Logistics has signed another jumbo warehouse lease in
New York.
CBRE brokered the 200,775 s/f lease across two buildings in the Hudson Crossing Industrial Park in Blauvelt in Rockland County.
The e-commerce giant will occupy 123,999 s/f of space at 400 Oritani Drive and 76,776 s/f of space in the neighboring building at 200 Oritani Drive.
The CBRE team of Thomas Monahan, Stephen D’Amato, Larry
Schiffenhaus, Anastasia Lazrides, Lauren Hageman, Gerard Monahan and Brian
Fiumara represented Onyx Equities.
Amazon Logistics announced last month that the new Rockland
County facility would help speed up last mile operations.
It is also planning to build a new 1M s/f facility in Windsor, NY. The facility will be built on 147 acres at 1201 Kennedy Road, west of I-91, and will cost about $200 million. Amazon already has a facility on nearby Day Hill Road but the company has been expanding its network of distribution centers at breakneck pace as it struggles to keep up with unprecedented demand from online shoppers during the coronavirus pandemic.
Since the start of the pandemic, Amazon has closed deals for multiple delivery stations in the tri-state area. In New Jersey, it has struck deals for 14 new distribution delivery stations. It is converting a 1M s/f former papermill on Grand Avenue in Queens into a 250,000 s/f delivery station with a multi-level parking structure. The new facility is a joint venture between RXR Realty and Los Angeles-based LBA Realty.
It is has leased a 200,000 s/f former Jet.com space on Bronx
River Avenue in the Bronx for another delivery station.
The distribution center deals come on top of a 335,000 s/f lease at SL Green’s 410 Tenth Avenue where Amazon plans to open an NYC office hub.
“We are excited to continue to invest in the tri-state area
with new delivery stations that will provide efficient delivery for customers,
and create thousands of job opportunities for the talented workforce,” said an
Amazon spokeswoman.
The online retail giant has said that the delivery stations
allow “entrepreneurs the opportunity to build their own business delivering
Amazon packages, as well as independent contractors the flexibility to be their
own boss and to create their own schedule delivering for Amazon Flex.”
CBRE’s Larry Schiffenhaus said, “The tenant was seeking
large blocks of space that offered a convenient distribution point to tri-state
area markets and Rockland County is an attractive alternative for Meadowlands
submarket tenants.”
Hudson Crossing Industrial Park was acquired by Onyx
Equities in 2019. The 1.2 million sq. ft. mixed-use industrial park is located
just west of White Plains, New York and only 45 minutes from Midtown Manhattan.
The park offers quick access to I-287, the New York State Thruway, the
Palisades Parkway and Route 303.
“The ongoing demand for well-located industrial, warehouse
and flex space with quick access to New York, New Jersey and Connecticut makes
this location ideal for large distribution needs,” added D’Amato of CBRE. “This
demand has accelerated as more people turn to the internet for even the most
basic needs due to the ongoing limitations COVID-19 has placed on
brick-and-mortar retailers.”
“Since acquiring the property last year, Onyx Equities has
been delighted with the number of quality tenants with pent-up demand for space
along the lower New York State Thruway corridor,” said Matthew P. Flath, Vice
President of Asset Management at Onyx Equities. “A variety of firms seeking
warehouse, showroom and last-mile delivery locations have shown considerable
interest in the limited number of large blocks available at Hudson Crossing,
and the New York State and Rockland County IDA incentives that they may be
eligible for.”
