City Harvest Moving to 150K-SF Warehouse in Sunset Park
City Harvest inked a lease to take the entire 150,000-square-foot, two-story 150 52nd Street between 1st and 2nd Avenues near the Brooklyn Army Terminal, The Real Deal first reported.
A spokesman for JLL — which brokered the deal for both sides — could not provide the terms of the deal, but CoStar Group data shows the asking rent in the building is between $24 and $32 per square foot.
City Harvest — which delivers food to pantries, soup kitchens and other facilities across the city — currently has its distribution facility at 5501 2nd Avenue in Long Island City, Queens, and started looking for a new spot two years ago when the neighborhood’s rezoning switched from industrial to residential, according to JLL. It eventually found the Sunset Park property and also plans to move its offices from 6 East 32nd Street into the building.
“We are big supporters of City Harvest’s work,” JLL’s Rob Kossar, who represented City Harvest, said in a statement. “When the organization entrusted us with its property search, we knew that it would be a challenge to find facilities that fulfilled the space, transportation and logistical requirements for City Harvest to expand its operations and continue its important work.”
Kossar worked on the deal for City Harvest along with Paul Mas, Adam Citron and Ellen Herman. Leslie Lann of JLL represented Dov Hertz’s DH Property Holdings.
The City Harvest lease comes just as DH Property is selling 150 52nd Street to Prologis — the country’s largest owner of industrial space — for $60 million, TRD reported. It’s the latest in a string of purchases the San Francisco-based Prologis has made around the city in recent months.
In September 2019, Prologis picked up 498 and 512 Johnson Avenue in East Williamsburg, Brooklyn for a combined $20.8 million, PincusCo Media reported. The next month, it bought a former envelope manufacturing warehouse at 450 Johnson Avenue in East Williamsburg for $13.3 million, as Commercial Observer previously reported.
Prologis closed out 2019 by dropping $21.5 million on the 120,000-square-foot warehouse at 24 Woodward Avenue in Ridgewood, Queens.