501 10th Ave. in New York — Courtesy: JLL
By Joshua Burd
Essex Capital has tapped JLL’s East Rutherford-based Northeast Industrial group as its leasing agent for a full-block, 250,000-square-foot logistics facility on Manhattan’s West Side.
According to a news release, JLL vice chairmen Leslie Lanne and Rob Kossar will spearhead the assignment at 501 10th Ave. They described the building as one of Manhattan’s few true multipurpose distribution properties and a rare opportunity to secure high-end space with critical access to the borough’s nearly 2 million residents and its daytime population of more than 3.5 million people.
The facility, which stretches from West 38th to West 39th streets, sits at the mouth of the Lincoln Tunnel. It’s now set to be fully available for the first time in decades with DHL and a self-storage tenant slated to vacate their space in early 2026.
“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,” Essex Capital CEO Mitchell Rutter said. “We are thrilled to partner with JLL to introduce the property to a market starved of prime urban logistics space.”
The leasing team said the building has high-capacity loading docks, cross-block and cross-dock loading capabilities, an internal vehicle ramp that can access every floor and two freight elevators capable of fitting box trucks. It also has a dedicated cogeneration power plant, making it ideally suited for ecommerce, retailers, third-party logistics firms, electric vehicle fleets and data center operators with complex operational needs.
“501 10th Ave. offers a rare blend of scale, functionality and location,” Lanne said. “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.”
