A decades-old, nondescript warehouse in Teterboro is the latest industrial building to be gobbled up by Amazon.com as it continues to expand its footprint in northern New Jersey.Real estate brokerage firms say the e-commerce giant has leased nearly 619,000 square feet at 698 Route 46 West, a building owned by TIAA-CREF since 2013. While the deal was not announced by either party, it has been cited in quarterly market reports such as the one issued by Colliers International this week, which tracked the deal among 11.3 million square feet of industrial leasing activity for the second quarter in northern and central New Jersey.
It’s a sign that Amazon has not let up in its quest for space close to New York City as it pushes for faster delivery times. The Seattle-based company last year took over a 75,000-square-foot warehouse in neighboring Moonachie — a less-than-10-mile drive to Manhattan — and it continues to open big-box fulfillment centers elsewhere in the state.
Amazon already operates 1 million-square-foot facilities in Robbinsville, a 2-year-old building that marked its first foray into the state, and in Carteret. And it recently announced plans for a second fulfillment hub in Carteret and another in Florence in Burlington County.
All told, the four facilities will employ about 7,500 people.
In a story about the Teterboro deal, The Record said the Route 46 building was constructed in 1954 and renovated about a dozen years ago. TIAA-CREF acquired the former Ford parts distribution center in 2013 for $81 million and leased it to Mohawk Industries Inc., a flooring company whose lease ended last year.