NAI Friedland announced that brokers Ross Schneiderman, Atanu Bhattacharjee and Steve Kornspun have leased 80,000 s/f at 1080 Leggett Avenue, Bronx NY to Sunrise Cooperative, a co-operative collectively owned by 52 automotive businesses.
The new tenants are relocating from Willets Point, Queens, where a $3 billion redevelopment project by Related Companies and Sterling Equities is slated to overhaul the areas surrounding Citi Field.
Sunrise Cooperative will make its new home in a sprawling 144,000 s/fbuilding set on 4.9 acres. The structure is comprised of 85-percent warehouse space and 15-percent office space and includes multiple drive-in doors and loading docks, is fully-sprinkled, and features a 20-foot ceilings and metal deck roof.
The property has large, secure and easy parking for all of their customers and quick access to I-278, I-95, and the Major Deegan Expressway. All the bridges to Manhattan, Brooklyn and Queens are minutes away, and trains are three blocks away.
The region has also been named a Federal Empowerment Zone, granting tenants a broad set of financial incentives. Previously, 1080 Leggett Avenue was home to Manhattan Beer Distributors, the largest single-market beer distributor in the nation.
Schneiderman, a senior executive vice president at Friedland, said, “We worked tirelessly to match the available space with the right clients. We had and continue to have a tremendous interest in this property especially from buyers and tenants from businesses located in the Queens and Brooklyn industrial areas. Because of the price differential and availability that the Bronx offers, we ultimately found the perfect fit with the Sunrise Cooperative”.
Added Schanzer, the CEO, “This deal is a major coup for Sunrise Cooperative and the Hunts Point neighborhood. The relocation allows Sunrise Cooperative’s businesses to put down roots in a fantastic region and operate in a modern facility to serve their customers both locally and out of state. In addition, more local jobs will be naturally created by this relocation.