In a move set to make waves in New York City’s competitive industrial real estate market, JLL has been tapped by Essex Capital to be the exclusive leasing agent for a rare last-mile distribution facility in Midtown Manhattan.
Located at 501 10th Ave. in the Hudson Yards neighborhood, the 250,000-square-foot, full-block property will become available for the first time in decades in early 2026.
This is an unprecedented opportunity for businesses seeking a strategic foothold in one of the world’s most densely populated urban centers.
At the heart of this high-profile assignment is Rob Kossar, JLL vice chairman and head of the Northeast Industrial Region. Kossar’s leadership and expertise in urban logistics and last-mile trends are precisely what make him and his team the ideal choice for this project. With over 30 years in the industry, Kossar is a recognized authority in industrial real estate, with a deep understanding of the unique challenges and opportunities presented by land-constrained markets like Manhattan. His experience includes leading the leasing and management of significant multi-story fulfillment and distribution centers in New York City.
The building itself offers a blend of scale, functionality, and location that is almost impossible to replicate in Manhattan. It features high-capacity loading docks, an internal vehicle ramp that services every floor, two freight elevators capable of fitting box trucks, and a dedicated co-generation power plant. These features make it a perfect fit for a wide range of tenants with complex operational needs, including e-commerce companies, retailers, third-party logistics (3PL) providers, and even data center operators.
The demand for last-mile and specialty-use facilities in Manhattan continues to outpace supply, and the JLL team is well-positioned to capitalize on this trend.
“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,” Leslie Lanne, vice chairman, said.
