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New York & Tri-State  + Uptown/Bronx  + Industrial  |  May 25, 2021
Paul Bubny
By: Paul Bubny

JLL Closes $117M Sale of Bronx Warehouse to CenterPoint

JLL arranged the $116.5-million sale of a 145,144-square-foot, Class A urban logistics center at 1080 Leggett Ave. in the Bronx to CenterPoint Properties. The JLL team worked on behalf of the seller, Goldman Sachs Asset Management & Blumenfeld Development Group. 

Located in the Bronx’s Hunts Point submarket five minutes from the Hunts Point Food Distribution Center, the property is fully leased to a Fortune 50 company, identified in published reports as Amazon Fresh. The facility sits along the I-278 Bruckner Expressway, just 10 minutes from Manhattan’s Upper East Side with direct access to regional transit, including Interstates 295 and 278.

The JLL Capital Markets team was led by senior managing directors Andrew Scandalios and Rob Kossar, senior director Tyler Peck and managing director Karl Brumback. Executive managing director Leslie Lanne secured the tenant and also assisted in the sale.

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JLL’s ScandaliosJLL’s Kossar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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