ICE is leasing 42,000 square feet of warehouse space in Newburgh, NY. Newly released contracting records reveal ICE committed $35.5 million to lease the site at 800 Corporate Blvd for the next 15 years. The facility is owned by NRDP, with Houston-based Leverage Enterprise Inc. managing the contract.
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projectsaltbox.comHouston Firm Wins $35.5 Million Lease for Newburgh, N.Y., Warehouse GSA Lists as a DHS ICE SiteThe 15-year lease for the 800 Corporate Blvd building went to Leverage Enterprises Inc. of Houston; GSA's property inventory names the tenant as Immigration and Customs Enforcement.
The earlier solicitation had info there. Planning documents for the solicitation estimated the interior buildout at about $343 a square foot, $282.58 above GSA’s standard allowance, and near $12 million across the minimum space sought.
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$343 upfit per SF for the entire bldg is more than $14 million fit out (so some warehouse likely remains). But subtracting the $12+ mil for the TIs, gives an imputed rent still well over $30 per SF. That's still high for the site.
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