Amazon has signed a 336,350-SF lease for a logistics facility at DH Property Holdings and Goldman Sachs’ 640 Columbia Street in Red Hook. The new three-story distribution center is within an hour drive of 13.5 million consumers.
- Be Smart: Brokers who were marketing the space previously said that rent ranged from $35 to $38 per SF under a triple-net lease for the interiors. And because the truck sizes vary, fleet storage is also priced per foot and runs from $15 to $20 per SF.
- Flashback: The duo paid $47.5 million for the site in 2018, and subsequently secured $154.8 million in construction financing from J.P. Morgan + Square Mile.