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DHPH Trades Amazon-Leased Red Hook Warehouse to Brookfield
DH Property Holdings LLC (DHPH) has sold 55 Bay St., an 83,000-square-foot distribution facility in Red Hook, Brooklyn, to Brookfield for $45 million. The property was developed on spec and is now leased to Amazon Fresh for 10 years.
The JLL team of vice chairman Rob Kossar, executive managing director Leslie Lanne and associate VP Jeremy Liebler represented DHPH in the sale of 55 Bay and in the lease transaction with Amazon.
Founded in 2016 by Dov Hertz, Manhattan-based DHPH is currently constructing a 500,000-square-foot, multi-story distribution warehouse at 640 Columbia St., also in Red Hook, which is leased by Amazon’s AMZL logistics arm. Reportedly it’s the first multi-story logistics facility on the East Coast.
“We identified the growing need for distribution facilities close to consumers in New York City and developed 55 Bay St. on spec to meet that requirement,” said Hertz.
- ◦Sale/Acquisition
