Turnbridge Equities has completed a 14.2-acre assemblage in the South Bronx, where it will build the four-story Bronx Logistics Center, a 1.24-million-square-foot last-mile distribution warehouse. Located in an Opportunity Zone, it will be the largest multi-level distribution center in the region, and among the few buildings in the United States that offers separate, dedicated truck ramps to the various levels.
“We acquired the last of five parcels in December and plan to break ground later this year,” says Turnbridge Equities managing principal Ryan Nelson. “We are excited to be moving forward quickly, given the incredibly tight market and surging demand for Class-A distribution space in New York City.”
He added, “The site is ideally situated to serve the entire New York City region’s 20 million people, including those in Manhattan, the boroughs, Westchester and northern New Jersey, and will accommodate a very large workforce via public transit.”
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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