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Prologis Could Seek Transformation on $122M Logistics Facility Acquisition

It could be used as vehicle storage or stay as is.

By Anthony Russo | January 02, 2025 at 04:55 PM

Prologis has purchased a Brooklyn logistics facility in Greenpoint for $122 million — but what it plans to do with it is up in the air.

The site, called 440 Kingsland Ave., could be used for vehicle storage, or it may remain as a logistics center, according to a report from Crain’s New York Business. Another potential use of the property could be to help boost the delivery and transportation of products through New York City’s five boroughs. That would support the Blue Highways initiative in the city.

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