New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Turnbridge, Dune Bring Newly Built Canarsie Warehouse to Full Occupancy
Turnbridge Equities and affiliates of Dune Real Estate Partners secured a 60,000-square-foot lease with Otto Environmental Systems at their newly developed 807 Bank St. project in Brooklyn’s Canarsie neighborhood. This lease increases occupancy to 100% just two months after delivery. The 172,000-square-foot project was 65% pre-leased to two tenants.
Turnbridge and Dune acquired 807 Bank St. in December 2021 and began construction in late 2022 after demolition of two existing warehouses. The project includes a 670-kilowatt rooftop solar carport system, which contributed to its becoming one of only two LEED Platinum distribution warehouses on the East Coast.
“We saw incredible tenant demand, which really validated our strategy of designing a best-in-class, LEED Platinum, Class A industrial building in an established industrial node of Brooklyn,” said Ryan Nelson, Turnbridge managing principal.
The Cushman & Wakefield team of Rico Murtha, Helen Paul, Amanda Gerhart and Joe Hentze represented Turnbridge and Dune on leasing.
- ◦Lease
