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Amazon-Leased Brooklyn Warehouse Changes Hands
A joint venture of Harbor Group International (HGI) and Turnbridge Equities sold HGI’s interest in 2300 Linden Blvd. and 835 Essex St., an industrial property located in Brooklyn, to BentallGreenOak on behalf of an institutional investor.
HGI and Turnbridge acquired the 90,000-square-foot Class A industrial property in a master lease transaction in May of 2018. The property was vacant at the time of acquisition and the JV invested $2.6 million in improvements, ultimately leasing it to Amazon on a long-term basis.
“2300 Linden is a prime example of our ‘Last Mile’ industrial strategy,” said T. Richard Litton, Jr., president of HGI. “The property’s irreplaceable location within a 30-minute drive to 10.5 million customers and in close proximity to JFK Airport, as well as its large, contiguous warehouse space, made it highly attractive to Amazon.”
Image courtesy of Turnbridge Equities.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
