Terminal Logistics Center, a 300,000 SF of Class A industrial space, is first to offer best-in-class, new construction in the JFK market
Queens, New York, March 13, 2018 – Cushman & Wakefield announced that the real estate services firm has been tapped to lease the Terminal Logistics Center, a 300,000-square-foot state-of-the-art industrial logistics and air cargo facility located at 130-24 South Conduit Avenue neighboring John F. Kennedy International Airport. The site was recently acquired and will be developed by Triangle Equities and will be the first multi-level, multi-tenant air cargo and distribution facility in New York City.
Cushman & Wakefield’s Frank Liggio and Eric Throne, CCIM, industrial specialists based in the commercial real estate services firm’s Queens and Brooklyn office, respectively are marketing the one-of-a-kind property.
“The Terminal Logistics Center fulfills the need for air cargo space in the JFK airport market, while providing a new standard for Class-A space in the area,” said Frank Liggio of Cushman & Wakefield. “With the incredible demand in this market, the new construction and proximity to the airport and Van Wyck Expressway, we expect very high interest in the property.”
The Terminal Logistics Center encompasses three acres of land and nearly 300,000 rentable square feet of Class-A air cargo, logistics and warehouse space. The lower level of the building has 50,710 square feet of secured storage or warehouse space with elevator access to the upper floors. Additionally, the lower level also contains a parking area supporting private, covered parking for over 100 vehicles with a 12’ clearing height.
The first floor has 90,078 rentable square feet; 70,135 sf of warehouse space and a 19,943 sf truck court with 13 loading positions. The second floor totals 77,266 sf with 57,000 sf of warehouse space and a 20,266 sf private loading area with an additional 13 loading positions. The first two floors of the property are designed to allow truck ramp access, while also offering tenants an enclosed operational environment. The third floor consists of 44,065 square feet of flex space with 26’ ceiling heights.
In addition to its proximity to JFK Airport and the Van Wyck Expressway, the property is accessible from the A,E,J,and Z subway lines and the LIRR at Jamaica station. Terminal Logistics Center also offers optimal branding opportunities, including prominent logo placement highly visible from Belt Parkway.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Triangle Equities
Triangle Equities was established in 1986 and has earned the reputation of a well-respected, professional, full service, real estate development firm. Lester Petracca, its principal, has combined the construction expertise he gained as partner at a family operated construction firm, with over 30 years of development experience. Triangle and its related entities develop, own, and manage commercial, residential, and mixed use properties in the New York Metropolitan area.
Triangle Equities focuses on “value-added” developments and specializes in city projects, earning an excellent reputation for working together with government agencies and skillfully navigating the most demanding public approval processes. By actively embracing the complexities inherent to responsible urban development, Triangle has achieved sustainable results and unlocked substantial value for its investors, tenants and the communities it builds in. For more information, please visit: www.triangleequities.com.