615 Ferry Street

Turnbridge Equities in June 2022 acquired 615 Ferry Street, an 8.8-acre industrial site located in the Port submarket of Newark, New Jersey. The Property is improved by a 189,000 SF manufacturing and distribution facility that is 100% leased. The investment was purchased via an off-market transaction which included attractive seller financing. The Property is ideally situated at the nexus of I-95, I-78, and I-280, and provides immediate access to both the Port of NY/NJ (2 miles) and Manhattan (10 miles). The acquisition provides Turnbridge with long-term control of one of the best large-scale industrial sites in the Port submarket and provides business plan optionality via either ground-up industrial warehouse development, industrial outdoor storage, or the value of the existing improvements. 

615 Ferry Street
Newark, NJ
Port of Newark
Asset Class
Covered Land
8.8 acres
Date Acquired
June 2022
Date Sold
Currently owned by Turnbridge