BAYONNE, N.J., July 11, 2025 /PRNewswire/ — The real estate investment and development firm Turnbridge Equities has signed a long-term industrial lease for 255,069 square feet at 169 Pulaski Street in Bayonne, N.J. to TWTH Express for its newest warehouse and distribution facility, announces Ryan Nelson, managing principal of Turnbridge Equities, the owner of the property.
Turnbridge acquired the property in April, 2025 and is currently executing on a $12 million renovation and repositioning of the property.
The leased space, which spans a portion of the larger warehouse of the three-building portfolio, was occupied by Waitex Global as part of a sale leaseback agreement. The TWTH long-term lease is at market terms.
“We’re excited to welcome TWTH to the property and continue our momentum in stabilizing this highly strategic asset,” says Mr. Nelson. “The Bayonne location offers unbeatable access to the Port of New York and New Jersey, as well as New Jersey and New York City, and we’re confident that our future improvements will further enhance the site’s value for modern logistics users.”
This is the third major lease arranged in Turnbridge’s New York City properties in the last few weeks, notes Mr. Nelson. Turnbridge recently signed leases for:
- 83,000 square feet of its Industrial Outdoor Storage (IOS) land at 2647 Stillwell Avenue in Gravesend, Brooklyn, to the bus company Beacon Mobility
and - 52,100 square feet at the single-story warehouse at 2350 East 69th Street in the Bergen Beach section of Brooklyn to Sky Zone, for a new Indoor Trampoline Park.
Turnbridge’s broker in the Bayonne transaction was Russell Verducci of NAI Global. TWTH’s brokers were Chris Okada of Okada & Company and Emanuel Westfried of Two Bins Capital.
Founded in 2015 by Andrew Joblon, Turnbridge Equities is a vertically integrated, SEC-registered real estate investment and development firm with a demonstrated track record of success across a wide range of asset classes and markets. Turnbridge has over $4 billion of assets under management across two managed funds, and is headquartered in New York City, with additional offices in Washington D.C., Los Angeles, Austin, and Miami. Disclaimer: This does not constitute an offer to sell or a solicitation of an offer to purchase any interests in any Turnbridge projects.
SOURCE Turnbridge Equities
