Prologis acquired a 10-acre site at 440 Kingsland Avenue in Greenpoint from ExxonMobil for $122 million. Located near Newtown Creek, the property may support logistics facilities, vehicle storage, or New York City’s Blue Highways initiative, which enhances transportation via waterways. Prologis, a leading industrial property owner, has expanded its portfolio with high-profile acquisitions, including a $51 million Queens site and a $57 million Florida warehouse. The site’s history ties to ExxonMobil’s former refinery and storage terminal, reshaped by a significant oil spill decades ago. Prologis’ plans for the Greenpoint property remain undisclosed, aligning with its strategic expansion approach.
440 Kingsland Avenue
