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Leasing Begins for $100 Mil Warehouse Project

NEW YORK CITY-Marketing is under way for a 530,000-sf industrial development at JFK Airport, the first large-scale development in the area for 15 years.

By Glen Thompson | Updated on October 03, 2001

NEW YORK CITY-The marketing of a 530,000-sf warehouse and office project currently under construction near JFK Airport is finally under way. The $100 million complex is the first major development within the JFK corridor in 15 years.

Cushman & Wakefield of Long Island, Inc. was recently awarded the exclusive agency for the industrial/office park. Reid Berch, a senior director at C&W Long Island and Carlton Wenz, a director at the firm will represent developer International Airport Centers LLC on the project, to be called IAC New York. Berch tells GlobeSt.com interest in the project is high, despite economic uncertainties and the World Trade Center disaster.

“We made a conscious decision to go with this project last week,” Berch says. “Now we’re going full steam ahead. We’ve been talking to a number of interested people who could fill up at least 200,000 sf fairly quickly.”

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