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Bronx distribution center sells for $117M
Buyer CenterPoint bets on its proximity to Manhattan
New York /
TRD Staff
A Bronx industrial deal paid off for its investors.
A joint venture between Goldman Sachs Asset Management and Blumenfeld Development Group sold a 145,144-square-foot logistics facility at 1080 Leggett Avenue in Hunts Point to CenterPoint Properties for $116.5 million. That’s three times more than the $38.5 million that the investors paid two years ago, Commercial Observer reported.
“The location of 1080 Leggett Avenue in the southwest corner of Hunts Point is logistically strategic, and the asset is Class A by boroughs’ standards,” CenterPoint’s Investment Officer Mac Lee said in a statement to the outlet. “1080 Leggett’s last-mile distribution functionality and premiere proximity to M
Colorado emo rapper Joshua Dean West’s rough childhood has shaped his body of work, including his latest autobiographical single, “Old Self.”
“I know it sounds weird, but I’m so thankful for the lessons I learned early on,” says the 21-year-old West. “If it wasn’t for living in shelters, being homeless every here and there, just finding my way through all kinds of crazy stuff, I wouldn’t be where I am today.”
On the melancholy “Old Self,” West paints a stark image backed with grim lyrics, a melodic piano accompaniment and beats: “I’m still struggling with my old self / .…Childhood was torment / I keep declining, the Devil keeps calling.” Juxtaposing hope and darkness, the song reveals that he sleeps with one eye open, “‘cause the past left scars that are way too deep,” and though he sees light at the end of the tunnel, the closer he gets, the more he keeps running.
Seagis Property Group Acquires 7,500 SF Warehouse in Hunts Point, Bronx
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BRONX, N.Y., Dec. 22, 2020 /PRNewswire/ Seagis Property Group announced today that it has acquired a 7,500 square foot industrial building with an adjoining 12,000 square foot parking lot. The property is located at 1318 Randall Avenue at the corner of Bryant Avenue in the Hunts Point neighborhood of the Bronx. Seagis purchased the property 50% occupied and will be marketing the available space for lease. This is Seagis first acquisition in the Bronx and increases the Company s portfolio in the Boroughs of New York City to 56 buildings totaling 1.2 million square feet.