Turnbridge Equities' Bronx Logistics Center, a 1.2-million-square-foot last-mile distribution center in the South Bronx.
NEW YORK CITY- Turnbridge Equities, a national real estate development and management firm, has unveiled plans for a 1.24-million-square-foot last-mile distribution center in the South Bronx located at 980 East 149th St. The center is said to be the largest in New York City to date, situated on a 14.2-acre assemblage in a designated Opportunity Zone.
Turnbridge has said the property will stand four stories tall and will be a Class A Bronx Logistics Center, offering direct tractor-trailer ramp access on three levels, van access to the fourth level, 1,400 parking spaces, and a rail spur that gives tenants an option to connect to CSX Transportation freight lines at the nearby Oak Point Rail Yards.
Due to the large site's topography, the Bronx Logistics Center is said to be one of the very few buildings in the United States that offers separate, dedicated truck ramps to the various levels and will be the largest multi-story distribution facility in the region and the only one that provides a rail transport option. Features include electric charging stations, dedicated car-pool areas and an extensive rooftop solar panel system.
"We acquired the last of five parcels in December and plan to break ground later this year," said Turnbridge Equities managing principal Ryan Nelson in a prepared statement. "We are excited to be moving forward quickly, given the incredibly tight market and surging demand for Class-A distribution space in New York City."
The Bronx Logistics Center is situated less than two miles from the Hunts Point Food Distribution Center and connected to several major highways and various subway lines. It is just off the Bruckner Expressway, less than 10 minutes from Manhattan's Upper East Side. LaGuardia Airport lies just across the East River via the Bronx Whitestone or Triboro/Robert F. Kennedy Bridges, and JFK International Airport is only a 20-30-minute drive.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
