NEW YORK--(BUSINESS WIRE)--Aug 7, 2023--
Turnbridge Equities (Turnbridge) and affiliates of Dune Real Estate Partners LP (Dune) announced today that their Bronx Logistics Center project received a formal Precertification Letter from the U.S. Green Building Council (USGBC) designating the project with a LEED v4 Platinum rating, the highest LEED certification available by the governing body.
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Rendering of the new Bronx Logistics Center (Photo: Business Wire)
The designation makes Bronx Logistics Center the East Coast’s first distribution warehouse with a LEED Platinum rating, with only nine other distribution buildings throughout the entire United States achieving the USGBC’s highest rating.
The project, scheduled to deliver this year, has made an unprecedented commitment to sustainability that further differentiates it from peer developments in the New York City market and across the country. Bronx Logistics Center will contain its own Con Edison electrical substation housed within its walls, providing power for up to 100% of its structured parking stalls to accommodate electrical vehicle (EV) charging and future EV tractor-trailer charging. Additionally, the project will feature a 2.9-megawatt solar array on the building’s rooftop, making it one of New York City’s largest private sources of renewable energy.
Bronx Logistics Center also includes various sustainability-oriented design features that prioritize the building’s impact to the neighborhood and the building’s future workforce. The property will include bicycle storage rooms, smart metering for managing water usage, light fixtures intended to limit light pollution, and MERV-13 filters to improve indoor air quality, among other green power and carbon offsets.
Apart from its pioneering emphasis on sustainability, Bronx Logistics Center has similarly set a new standard for New York City’s industrial specifications. The project includes 32-foot clear heights, two exclusive site entrances for 585,000 square feet of warehouse space, and nearly 17 acres of parking and truck court areas accommodating over 1,500 parking spots. At 1.3 million square feet, Bronx Logistics Center sits on 14.2 acres in the South Bronx, a site that was assembled through five separate parcels.
Locationally, the project benefits from walkability to numerous MTA bus stops and a five-minute walk to the subway’s 6-train. The site is adjacent to Bruckner Boulevard and I-278, making it a short drive away from Manhattan’s Upper East Side, with immediate connectivity to I-95, I-87, and I-295.
“We wanted to approach the design and development of Bronx Logistics Center mindfully with respect to sustainability, which can be quite impactful for a project of this scale,” said Turnbridge Managing Principal Ryan Nelson. “We were already thrilled to be introducing state-of-the-art, Class A industrial product to New York City, but we’re incredibly proud to be able to couple that with industry-leading sustainability for both the city and the country.”
About Turnbridge Equities
Founded in 2015 by Andrew Joblon, Turnbridge Equities is a vertically integrated SEC-registered real estate investment and development firm with a demonstrated track record of success across a wide range of asset classes and markets. Since inception, Turnbridge has invested or managed over $3.3 billion of capital across two managed funds and multiple co-investment vehicles. The firm pursues uniquely diversified investment strategies and a highly selective market entry process that creates long-term value for investors, occupants, and end users. Turnbridge is headquartered in New York City with additional offices in Washington D.C., Austin, and Miami. To learn more, please visit www.turnbridgeeq.com. Disclaimer: This does not constitute an offer to sell or a solicitation of an offer to purchase any interests in any Turnbridge projects.
About Dune Real Estate Partners
Dune Real Estate Partners is a New York City-based real estate investment firm executing a strategy focused on high yielding real estate equity investments resulting from capital market dislocation, primarily in the United States. Dune manages the Dune Real Estate Funds, which were launched by Mr. Daniel M. Neidich in 2005, and have raised approximately $4 billion of equity capital to date. Dune invests on behalf of pension funds, sovereign wealth funds, endowments and other large institutions and individuals.
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CONTACT: George Shea, Linda O’Flanagan
212-627-5766
Linda@sheacommunications.com
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: ENVIRONMENT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY TRUCKING FINANCE TRANSPORT REIT PROFESSIONAL SERVICES SUSTAINABILITY LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Turnbridge Equities
Copyright Business Wire 2023.
PUB: 08/07/2023 03:38 PM/DISC: 08/07/2023 03:34 PM
http://www.businesswire.com/news/home/20230802767141/en
