Property includes 71,000-square-foot, single-story warehouse with 6.5 acres of fleet parking; ownership plans 770,000-square-foot, multistory logistics facility

JLL was selected by LBA Logistics and RXR Realty as exclusive leasing agent for Grand Logistics Center in Queens, N.Y. The firm will provide a full range of marketing and leasing services for the existing 71,000-square-foot warehouse, additional 6.5 acres of parking and outdoor storage, and a proposed 770,000-square-foot, future multistory logistics facility.

The JLL professionals overseeing the leasing assignment include Rob Kossar, vice chairman and head of the firm’s Northeast Industrial Region; and Adam Citron and Leslie Lanne, managing directors. The JLL team will work directly with representatives of LBA Logistics and RXR Realty.

The single-story, existing 71,000-square-foot warehouse at 56-19 Grand Avenue is fully available for lease, with occupancy beginning in the second quarter of 2019. The property also includes 6.5 acres of parking and outdoor storage, with the ability to accommodate a variety of fleet vehicles including trailers, box trucks, cars, buses and construction equipment. The building offers 21-foot clear height, 9 interior dock positions, and ample fleet parking. Ownership anticipates demolishing two existing buildings in early 2019.

“It is unique to find an infill, last-mile property that can accommodate both a 71,000-square-foot use, as well as 6.5 acres for storage and parking,” said Kossar.

Concurrently, LBA Logistics and RXR Realty are also proposing to build a 770,000-square-foot, state-of-the-art, multistory logistics facility on the site, with the flexibility to customize for the requirements of the tenants that will occupy the new building. The last-mile sector is rapidly evolving and this site provides the scale to adapt to these changing needs. The new facility would include truck ramps that provide direct access to the loading docks located on the multiple levels.

“This is an ideal location for a logistics facility to provide last-mile distribution services throughout Queens, Brooklyn, Long Island City, the East Side of Manhattan, Lower Manhattan and the rest of the boroughs,” said Kossar. “Centrally located in Maspeth, Queens, this property offers a terrific opportunity for retailers, e-commerce and New York-centric companies looking to satisfy the expedited shipping demands of customers in the largest consumer base in the United States.”

The planned multi-story building will offer all of the modern attributes world-class logistics companies expect such as ample clear height, fleet/car parking and efficient circulation.

JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial business lines to better serve clients that increasingly view the industrial sector in all four states as one large interconnected market. The Northeast Industrial Market comprises approximately 1.54 billion square feet of industrial space, and represents the largest industrial market in the United States.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

About LBA Logistics

LBA Logistics is a full service industrial real estate investment and management company with a diverse portfolio located in the major industrial markets throughout the country. LBA’s industrial portfolio is owned in institutional partnerships totaling over 42 million square feet.

About RXR Realty

RXR is a leading owner, manager and developer of real estate with one of the largest commercial, residential and mixed-use portfolios across the New York Metropolitan Area. RXR prides itself on making communities better places to live and work by creating enduring value for its tenants, residents and investors. The company owns and manages real estate properties and investments with an aggregate gross asset value of approximately $18 billion, comprising approximately 24 million square feet of commercial operating properties and approximately 6,000 multi-family and for sale units in various stages of development in the New York Metropolitan area.