FreshDirect Taking 20K SF in Old Brooklyn Pfizer Building
Lauren Elkies Schram Oct. 1, 2015, 5:45 p.m.
FreshDirect may be moving its New York City operations to the South Bronx, but the company is leasing some space in Brooklyn, Commercial Observer has learned.
The online grocer has leased 20,000 square feet at the old Pfizer headquarters at 630 Flushing Avenue on the border of Williamsburg and Bedford-Stuyvesant, sources with knowledge of the transaction said, in a direct deal with the landlord, Long Island City-based Acumen Capital Partners.
The 575,000-square-foot industrial building, which occupies an entire 7.8-acre block between Marcy and Tompkins Avenues, is currently 50 percent occupied, Square Mile Capital Management told CO yesterday. Square Mile provided Acumen with a $58 million bridge loan at the building, as CO reported. The building’s tenants are primarily in the light manufacturing or creative businesses, and include Pratt Institute, SoulCycle and Roberta’s Pizza.
Acumen bought the shuttered Pfizer plant in 2011 for $19 million. Acumen Founders Jeffrey Rosenblum and Ashish Dua didn’t respond to repeated requests for comment. Fresh Direct declined to comment.
The 13-year-old Fresh Direct will be leaving its Long Island City, Queens digs at 23-30 Borden Avenue in the South Bronx. The company broke ground on the new 500,000-square-foot corporate facility on East 132nd Street in Mott Haven last December.