Turnbridge Equities, which owns last-mile distribution sites in Brooklyn and the Bronx, just paid $61 million to buy a 1 million-square-foot campus in an opportunity zone in the tri-state area. The Midtown-based firm teamed up with JP Morgan’s asset management arm to buy the former Ballantine Brewery property in Newark, N.J., for $61 million, a representative for the partnership told The Real Deal. Turnbridge managing principal Ryan Nelson said the property is leased to tenants […]
source https://therealdeal.com/2019/01/29/turnbridge-equities-buys-1m-sf-industrial-site-in-nj-opportunity-zone-for-61m/
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