#United States #Bayonne #industrial lease #Turnbridge Equities

Turnbridge Equities Expands in Bayonne, NJ

Turnbridge Equities, a notable player in the real estate investment and development sector, has recently made significant strides in its portfolio. The company has finalized a long-term industrial lease for an impressive 255,069 square feet at its newly acquired location on Pulaski Street in Bayonne, New Jersey. This strategic move aims to cater to TWTH Express, which will be utilizing the space for its latest warehouse and distribution operations.

The property, which Turnbridge acquired in April 2025, is currently undergoing a substantial makeover with a renovation budget amounting to $12 million. Ryan Nelson, the managing principal of Turnbridge Equities, emphasized the significance of this lease, expressing excitement about welcoming TWTH to the property. He stated, "We are eager to continue our momentum in stabilizing this valuable asset." Nelson believes that the Bayonne location offers unparalleled access to vital shipping routes, including the Port of New York and New Jersey, as well as connectivity to both New Jersey and New York City. He is confident that the operational enhancements will further increase the site's appeal for contemporary logistics users.

This lease marks the third major transaction that Turnbridge has secured in New York City properties within a short span. Notably, the company has also signed leases for 83,000 square feet of Industrial Outdoor Storage (IOS) at a Brooklyn property and 52,100 square feet at another location in Brooklyn for an indoor trampoline park operated by Sky Zone.

In the Bayonne transaction, Turnbridge was represented by Russell Verducci from NAI Global, while brokers Chris Okada of Okada Company and Emanuel Westfried of Two Bins Capital acted on behalf of TWTH. This collaboration underscores Turnbridge's commitment to expanding its real estate footprint strategically and efficiently in key market areas.

Founded in 2015, Turnbridge Equities has established itself as a vertically integrated, SEC-registered real estate investment and development firm with a robust track record in various asset classes. The firm currently manages over $4 billion in assets across two managed funds and operates out of multiple locations, including its headquarters in New York City and additional offices in Washington D.C., Los Angeles, Austin, and Miami.

As the real estate market continues to evolve, Turnbridge Equities is well-positioned to capitalize on new opportunities, and this latest lease in Bayonne is a testament to their strategic vision and operational execution. With continuous growth in logistics and industrial needs, Turnbridge is poised to remain a significant influencer in the real estate landscape of New Jersey and beyond.

In conclusion, Turnbridge Equities' 255,069 square feet lease in Bayonne not only reflects the firm's adaptive strategies but also enhances the logistics capabilities crucial for businesses in this thriving region. As they move forward with renovations and improvements, stakeholders can look forward to seeing how this strategic investment unfolds in the coming years.