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NEW YORK CITY-Reid Berch of the Long Island arm of Cushman & Wakefield, has negotiated 13 leases within the last three months for 70,000 sf in the JFK Airport Corridor in Queens. The space is spread throughout a 34-building portfolio owned by AMB Property Corp. The majority of the deal, 60,000 sf, has been leased to MRZ Container Freight Inc.

The inudstrial JFK Airport Corridor has a vacancy rate of only 4% in its four million sf of space. Within AMB’s property here, new tenants in addition to MRZ include First In First Out CFS Corp., Powerhouse Customs Brokerage Services Inc., McKinley Cargo Corp., Hawk Freight Services Inc., Phoenix International Services Inc., Market Pioneer International Corp. and Express Air Freight Unlimited Inc. All of the new tenants are completing their moves into the space.

JFK Corridor has become an attractive submarket thanks in part, of course, to its proximity to the international airport. Other explanations, according to a spokesperson for Cushman & Wakefield, are accessibility to nearby Manhattan, the labor pool of Brooklyn and Queens and JFK International Airport’s global ranking as a top manager of air cargo with 1,800 acres for that purpose.

With bragging rites over having one of the lowest airport industrial vacancy rates in the nation, there are plans are underway for another half million sf of construction to begin in the next several months. C&W says that the industrial growth in the area is the result of inflow of transshipment customers, airline, trucking and distribution companies.

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