{"id":1004508889,"date":"2021-02-04T05:19:55","date_gmt":"2021-02-04T13:19:55","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004508889"},"modified":"2021-05-15T10:03:48","modified_gmt":"2021-05-15T18:03:48","slug":"bentallgreenoak-buys-amazon-leased-brooklyn-warehouse","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bentallgreenoak-buys-amazon-leased-brooklyn-warehouse\/","title":{"rendered":"BentallGreenOak Buys Amazon-Leased Brooklyn Warehouse"},"content":{"rendered":"<div id=\"attachment_1004508901\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/2300-Linden.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004508901\" loading=\"lazy\" class=\"wp-image-1004508901 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/2300-Linden.jpg\" alt=\"\" width=\"300\" height=\"186\"><\/a><p id=\"caption-attachment-1004508901\" class=\"wp-caption-text\">2300 Linden. <i>Rendering courtesy of Harbor Group International<\/i><\/p><\/div>\n<p>BentallGreenOak has acquired a 90,000-square-foot Brooklyn industrial property leased to Amazon from a joint venture between Harbor Group International and Turnbridge Equities.&nbsp;<\/p>\n<p>Located at 2300 Linden Blvd. and 835 Essex St., the property was built in 1957 and acquired by HGI and Turnbridge in May 2018 via a master lease transaction. The partners invested $2.6 million to modernize the then-vacant property, scoring a long-term lease with Amazon along the way. The e-commerce giant was interested in the property\u2019s large, contiguous warehouse space as well as its location 5 miles west of JFK Airport and within a 30-minute drive of 10.5 million people, according to a statement from the seller.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong>&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-corp-pockets-108m-for-houston-area-asset\/\">Duke Realty Corp. Pockets $108M for Houston-Area Asset<\/a><\/p>\n<hr>\n<p>Built on a 2.5-acre site, the one-story warehouse along Linden Boulevard features 20-foot maximum clear heights and 25- by 40-foot column spacing, according to CommercialEdge data. The office build-out occupies about 11 percent of the property\u2019s space.<\/p>\n<p>BentallGreenOak invests in a variety of property types around the world, with roughly $50.7 billion of assets under management as of September 2020. The firm boosted its U.S. industrial holdings last month by <a href=\"https:\/\/www.commercialsearch.com\/news\/bentallgreenoak-pays-74m-for-bay-area-warehouse\/\">picking up North Bay Logistics Center<\/a>, a 607,208-square-foot warehouse in Fairfield, Calif., for $73.5 million.&nbsp;<\/p>\n<p>In another recent warehouse disposition from HGI and Turnbridge, the joint venture partners traded&nbsp;100 Jefferson Road, a <a href=\"https:\/\/www.commercialsearch.com\/news\/northern-new-jersey-warehouse-trades-for-85m\/\">553,435-square-foot industrial facility in Parsippany<\/a>, N.J., last November. JFR Global Investment purchased the property for $85.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture between Harbor Group International and Turnbridge Equities sold the renovated, 90,000-square-foot property.<\/p>\n","protected":false},"author":744,"featured_media":1004518054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1600,21742,10],"tags":[37482,46487,39240,49084],"class_list":["post-1004508889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-amazon","tag-bentallgreenoak","tag-harbor-group-international-llc","tag-turnbridge-equities"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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