DH Property Holdings LLC has begun construction on 55 Bay Street, an 85,000-square-foot, Class A distribution center in the Red Hook section of Brooklyn, New York. JLL has been selected as exclusive leasing agent for the project, and will provide a full range of marketing and leasing services for the industrial development.
The single-story, 85,000-square-foot distribution center will offer 36-foot clear ceiling heights, energy-efficient LED lighting, 54-foot by 58-foot column spacing, 18 loading docks, two drive-in doors and 47 car parking spaces. Completion is expected in the second quarter of 2020.
The JLL professionals overseeing the leasing assignment include Rob Kossar, vice chairman and head of the firm’s Northeast Industrial Region, and Leslie Lanne, managing director. They will work closely with Dov Hertz and Aaron Malitzky of DH Property Holdings.
“New York has the biggest population of any city in the United States, but it remains critically-underserved by modern distribution centers,” said Hertz. “As e-commerce sales continue to increase, facilities like this will be crucial to meeting the demand from customers looking for quick delivery of goods.”
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DH Property Holdings is a leading real estate development, investment and asset management firm focusing on complex industrial distribution warehouses in dense, urban-core areas.
