303 Louisiana Avenue

Turnbridge acquired 303 Louisiana Avenue in December 2024. The property, purchased off-market from a private individual, will serve as the site for Turnbridge’s third and latest ground-up industrial development in New York City. Upon delivery, the property will be a best-in-class, 192,000 SF last-mile industrial development located in the Canarsie submarket of Brooklyn, only two blocks away from Turnbridge’s 807 Bank Street project. When completed, the Class A facility will include 90,000 SF of ground floor warehouse space in addition to 102,000 SF of rentable parking on the building’s ramp-accessed roof, covered by a state-of-the-art rooftop solar canopy. The project is being constructed by ARCO Design-Build and is scheduled to deliver in 2026.

Address
303 Louisiana Avenue
Brooklyn, NY
Submarket
Canarsie
Asset Class
Industrial
Strategy
Last Mile Industrial
Size
192,000 SF
Date Acquired
December 2024
Date Sold
Currently Owned by Turnbridge