Krinos Foods Bronx Facility
BJH assisted Krinos Foods, Inc. in the planning and development of its new headquarters, production facility, and distribution hub in the Bronx, New York. Krinos Foods is North America’s largest importer and distributor of Mediterranean specialty food products, with operations across the U.S. and Canada. Services included team assembly, financial feasibility analysis, budgeting, site selection, and incentives negotiation. BJH managed the submission and successful award of an RFP by the New York City Economic Development Corporation (NYCEDC) for the final site at the Bathgate Industrial Park in the Bronx. BJH negotiated the purchase of the site at an attractive price, and obtained a full benefits package from the New York City Industrial Development Agency (NYCIDA). BJH managed the public approvals process, including preparing briefing materials for the community board, City Council member and Borough President. BJH facilitated the real estate transaction leading to a closing on a $23 million acquisition and construction loan. The 100,000 square foot facility was completed in the spring of 2016, insuring the retention of approximately 100 well-paid jobs in New York City and improving Krinos’s operational efficiency.
