Bridge Developing Multistory Warehouse in Brooklyn


Date

September 13, 2019

Type

Article

Location

Northeast
Sunset Industrial Park

There are at least three multistory warehouses planned for New York City, including a three-story warehouse in Brooklyn with backing from Goldman Sachs Group Inc., according to JLL. Bridge Development Partners LLC and DH Property are planning a four-story warehouse in Brooklyn.

Online retailers in New York City are looking for more than 9 million square feet of warehouse space, but there is only about 5 million square feet under construction, said Rob Kossar, a vice chairman at JLL.

“If you need to do same-day delivery in Brooklyn, Queens and downtown Manhattan, you have to be in the city,” Mr. Kossar said.

//wsj.com

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