Newark Liberty International Airport ✈️

  • $432000000
Newark Liberty International Airport, Newark, NJ, USA
Closed Deal Leased

Newark Liberty International Airport ✈️

Newark Liberty International Airport, Newark, NJ, USA
  • $432000000
leased the Industrial property in New Jersey, New York for 250,000 sqft on 13 months and 17 days ago.

Building Info

  • Units:
  • Property Type: Industrial
  • Square Feet: 250000

Location

  • Address Newark Liberty International Airport, Newark, NJ, USA
  • City New Jersey, New York
  • State/county New Jersey
  • Zip/Postal Code 07114
  • Country United States

Description

LEASE
IMAGE: @JeffBezos 🚀 🤠
DATE: 08/2021
ADDRESS: Newark Liberty International Airport ✈️
MARKET: Newark, NJ
ASSET TYPE: Industrial ~ SF: 250,000 ~ TERM: 20-year

TENANT: @Amazon 📦
LANDLORD: Port Authority Of New York & New Jersey

AMOUNT: $432,000,000

NOTE: Amazon entered into an agreement with Port Authority of New York and New Jersey to redevelop two buildings into a new state-of-the-art 250,000 SF air cargo facility that will employ 1,000+ people. The Port Authority will get $150 million upfront in building rent, and an additional $157 million in land rent over two decades. Amazon will also invest about $125 million in the facility, including a building rehabilitation expected to start this year and finish by early 2023.

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