As e-commerce and grocery delivery services boom, Turnbridge Equities scooped up a South Bronx industrial site that could hold up to 890,000 square feet of warehouse space. The firm paid $56.2 million for the 10-acre industrial development site at 980 East 149th Street, Crain’s reported. ACORE Capital financed the acquisition with a mortgage and mezzanine loan totaling $43.6 million. A recycling business currently leases the South Bronx lot, but Ryan Nelson, a managing principal at […]
source https://therealdeal.com/2019/01/03/turnbridge-equities-buys-south-bronx-industrial-site-for-56m/
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