Manhattan distribution center available to lease for the first time in 20 years

NEW YORK, Aug. 8, 2025 –JLL announced today that its Northeast Industrial team has been retained by Essex Capital as exclusive agent for 501 Tenth Ave., a 250,000-square-foot, full-block last mile distribution facility spanning West 38th to West 39th Streets in Manhattan’s thriving West Side corridor.

Currently operated as one of Manhattan’s premier logistics facilities, 501 Tenth Ave. stands out as one of Manhattan’s few true multi-purpose distribution properties and a rare opportunity to activate premium industrial space in a uniquely configured urban last-mile hub.

Located at the mouth of the Lincoln Tunnel, the building features high-capacity loading docks, cross-block/dock loading capabilities, an internal vehicle ramp that can access every floor of the building, two freight elevators capable of fitting box trucks, and a dedicated co-generation power plant, making it ideally suited for e-commerce, retailers, 3PL, EV fleets and data center operators with complex operational needs.

501 10th Ave. offers logistics companies mission critical access to the nearly two million residents of Manhattan and its daytime population of more than 3.5 million people.

“501 10th Ave. is positioned at the core of Manhattan’s westward expansion and presents unprecedented opportunity to a variety of industries looking to establish a presence in one of the world’s largest consumer bases. We are thrilled to partner with JLL to introduce the property to a market starved of prime urban logistics space,” said Mitchell Rutter, Chief Executive Officer, Essex Capital.

A JLL Northeast Industrial team led by Vice Chairmen Leslie Lanne and Rob Kossar is set to launch marketing of the opportunity. Said Lanne, “501 10th Ave. offers a rare blend of scale, functionality, and location. It’s an industrial asset with infrastructure that simply doesn’t exist elsewhere in Manhattan and we’re proud to be representing such a distinctive building at a time when demand for last-mile and specialty-use facilities continues to rise.”

Manhattan’s population density makes it one of the most land constrained geographies in the country, deeply inhibiting development. This, coupled with zoning barriers, capital constraints, rising construction costs and macroeconomic uncertainty, positions Tenth Ave. as a prime location to capitalize on e-commerce sales which, according to JLL Research, are predicted to grow to $1.6 trillion by 2030, accounting for 20% of all retail sales.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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Essex Capital Partners Ltd. is a multi-faceted real estate investment and development company focusing on a broad range of opportunistic projects ranging from ground-up development to the repositioning of existing assets. The company’s vertically integrated platform enables it to successfully identify, acquire, master plan, develop, reposition, and manage a range of asset categories, including residential, office, retail, industrial and undeveloped land. For more information visit www.essexcapital.com