Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 1100 Leggett Avenue (the “Property”), a newly constructed, 61,362-square-foot build-to-suit facility located in the highly desirable Hunts Point submarket of the Bronx, New York. Completed in 2024, the Property is 100% leased to CHEP USA, a wholly owned subsidiary of investment-grade credit parent company Brambles Limited (S&P: A-), with 7.7 years remaining on the lease term. CHEP USA has maintained operations in Hunts Point for decades, demonstrating their long-term commitment to the area.

The Property is located just 5 minutes from Hunts Point Food Distribution Center (the world’s largest food distribution center), 15 minutes from LaGuardia Airport, and 5 minutes from major roadway I-278, providing immediate connectivity to New York City and the greater Tri-State Region (20.3 million people)—the most densely populated distribution base in America. Moreover, the Property provides immediate, toll-free access to the Upper East Side of Manhattan, the most affluent submarket in the U.S.

1100 Leggett Avenue provides prospective investors a rare opportunity to acquire a modern, mission-critical asset with a long-term lease backed by an investment-grade credit parent company, located in one of the most desirable industrial markets in the country: New York City.

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