Otto Environmental Systems has leased 60,000 square feet of property in Brooklyn, New York.
The announcement came from Turnbridge Equities and Dune Real Estate Partners, which both purchased the full space, amounting to 172,000 square feet, at 807 Bank Street in December 2021. It is now a Class A warehouse, which replaced what the two real estate investment firms described as "two existing, mid-20th century vintage warehouses."
Some features of the Canarsie submarket property include a rooftop solar carport system and rooftop parking. According to Turnbridge and Dune, the space represents just two of the LEED Platinum-designated distribution warehouses on the East Coast. The location is within a 30-minute drive of JFK Airport and the New York metropolitan area, with access to seven million people.
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