Amazon appears to be betting big on The Bronx as the company has reportedly leased a third warehouse in the borough and the second one this year.
New York Business Journal reports that it was also the top lease transaction for industrial space during the second quarter of the year.
Located at 1500 Basset Avenue in Morris Park, the 366,000 square foot property sits on 17 acres and up until last year was owned by Model’s Sporting Goods which sold the property for $115 million to current owner Realterm Logistics.
Amazon has been aggressively leasing warehouses not just in The Bronx but across the region over the past few years as they continue to expand their last mile footprint in the area in order to provide even faster deliveries.
Earlier this year, the company leased the former ABC Carpet 200,000 square foot warehouse at 1055 Bronx River Avenue now owned by Prologis and last year Amazon signed a lease for The 117,000 warehouse in Hunts Point at 1300 Viele Avenue.
The latest least brings the total Amazon footprint in our borough at over half a million square feet.
When we last reported on these leases, many residents were worried about increased traffic and pollution in their respective areas and we can only expect traffic to get worse in Morris Park as a result of Amazon’s presence.
Do you live in Morris Park? Tell us what you think.