{"id":1004238941,"date":"2018-07-01T23:55:44","date_gmt":"2018-07-02T07:55:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238941"},"modified":"2018-07-02T09:55:15","modified_gmt":"2018-07-02T17:55:15","slug":"urban-logistics-asset-coming-to-nyc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/urban-logistics-asset-coming-to-nyc\/","title":{"rendered":"Urban Logistics Asset Coming to the Bronx"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004238944\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004238944\" data-attachment-id=\"1004238944\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/urban-logistics-asset-coming-to-nyc\/innovo_bruckner2505_aerial_01_s\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2505 Bruckner, New York City\" data-image-description=\"&lt;p&gt;2505 Bruckner, New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;2505 Bruckner, New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg?w=1000\" class=\"wp-image-1004238944 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Innovo_Bruckner2505_Aerial_01_S.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004238944\" class=\"wp-caption-text\">Rendering of 2505 Bruckner<\/p><\/div>\n<p>Innovo Property Group and Square Mile Capital Management have partnered to develop 2505 Bruckner, an urban logistics facility in the Bronx, N.Y. Groundbreaking will take place in 2019 and the asset is expected to open in 2020.<\/p>\n<p>Upon completion, the multi-story property will spread throughout 700,000 square feet and will feature a series of amenities, including:<\/p>\n<ul>\n<li>32-foot high ceilings<\/li>\n<li>a two-lane ramp<\/li>\n<li>130-foot truck courts<\/li>\n<li>90 loading docks<\/li>\n<li>800-pound floor load capacity<\/li>\n<li>ESFR fire sprinkler systems<\/li>\n<li>controlled access<\/li>\n<li>fenced perimeter<\/li>\n<li>onsite parking<\/li>\n<\/ul>\n<p>Additionally, due to the floor size\u2014more than 350,000 square feet\u2014large tenants will be able to operate on an entire floor. JLL <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-to-market-lease-cutting-edge-nyc-industrial-project\/\">has been tapped to lease<\/a> the property, while KSS Architects will provide design services.<\/p>\n<p>The building will be located on 20 acres at 2505 Bruckner Blvd., on the former Whitestone Multiplex Cinemas site. Due to its Bronx location, the asset will service a wide array of logistics users, as well as more than 9.4 million residents in Manhattan, Queens, Brooklyn, Long Island and Connecticut.<\/p>\n<p>\u201c<em>The Bronx offers the best access in the city for logistics, with 10 bridges accessing Manhattan and three to Queens. (The property) is the new face of this important and in-demand asset class<\/em>,\u201d Innovo CEO Andrew Chung said in a prepared statement.<\/p>\n<p><em>Image courtesy of KSS Architects<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture between Innovo Property Group and Square Mile Capital Management will develop the 700,000-square-foot transit-oriented property, slated to open in 2020. <\/p>\n","protected":false},"author":241,"featured_media":1004238944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1600,21742,10],"tags":[32796,40898,33318],"class_list":["post-1004238941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-new-york","category-latest","category-northeast","tag-jll","tag-kss-architects","tag-square-mile-capital-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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