A Bushwick warehouse that was to be converted into an office space is going postal.
Owners of the 100,000-square-foot space at 333 Johnson Ave. have signed a temporary lease with the United States Postal Service, which plans to use the warehouse to store packages for last-mile deliveries during the holidays, according the original report in Crains New York.
USPS isn’t exactly the type of tenant the building owners, a partnership of investment firms, had in mind when they bought the property two years ago. The partnership includes Normandy Real Estate Partners, Royalton Capital and Princeton Holdings — big names in New York City’s real estate game — and they initially wanted to use the warehouse as office space, Crains reported.
As we have extensively reported, Bushwick hasn’t done well with traditional office space, with many preferring coworking stations when an office is needed. The looming L train shutdown won’t likely draw in new customers to the office space market, either. As a result, some landlords are using Bushwick warehouses for their original purpose — industrial space.
“We are still advancing our plans to do creative office space,” Travis Feehan, a principal at Normandy, told Crains. “But industrial is rocking right now and we want to be flexible.”
The news means that the huge mural painted upon the brick walls along Johnson Avenue opposite the property may be coming to life sooner than later.
Cover image courtesy of Google Maps
