Turnbridge Equities Signs Major Lease for Warehouse Growth

Author: Logan Wright Updated: 07-11-2025 12:45 PM

Significant Lease Agreement Announced by Turnbridge Equities

Turnbridge Equities has officially signed a long-term lease for an expansive 255,069 square-foot facility, located at 169 Pulaski Street, marking a substantial addition to its portfolio. This warehouse will serve as a new logistics and distribution center for TWTH Express, which is pivotal for their operations.

Exciting Developments in Renovation Plans

Since acquiring the property earlier this year, Turnbridge has commenced a $12 million renovation to enhance the facility's appeal and functionality. This ambitious project demonstrates Turnbridge's commitment to improving the operational capabilities of its assets and providing modern solutions for logistics demands.

The Importance of Location in Logistics

The strategic location of the newest warehouse offers exceptional access to significant transportation routes, including the nearby Port of New York and various metropolitan hubs. This advantage is critical in today’s time-sensitive logistics environment, and the choice of Bayonne as a base shows insight into market needs.

Recent Leasing Activity Reflects Growth Strategy

In recent weeks, Turnbridge Equities has successfully negotiated additional leases in its New York City portfolio. The commitment to leasing activity showcases the firm's proactive approach to optimizing its properties to meet market demand. Recent leases include:

83,000 square feet dedicated to Industrial Outdoor Storage in Brooklyn.
52,100 square feet leased to Sky Zone for a new Indoor Trampoline Park.

Expert Team Behind Successful Transactions

Russell Verducci from NAI Global represented Turnbridge in the Bayonne deal, while TWTH’s brokers, Chris Okada and Emanuel Westfried, contributed to the transaction's success. This collaboration among industry experts reflects the importance of experienced teams in closing significant real estate deals.

Company Background and Future Prospects

Founded in 2015 by Andrew Joblon, Turnbridge Equities operates as a fully integrated real estate investment firm, adept at managing a diverse range of asset types. With over $4 billion in assets under management across various funds, Turnbridge continues to expand. Headquartered in New York City, the company has established a substantial footprint with additional offices in several key markets, including Washington D.C., Los Angeles, Austin, and Miami.

Frequently Asked Questions

What is the significance of the new lease for Turnbridge Equities?

This lease represents a strategic expansion into logistics, supporting Turnbridge's growth ambitions.

How much is Turnbridge investing in renovations?

Turnbridge is investing $12 million into renovating the acquired warehouse.

Who will occupy the new warehouse facility?

TWTH Express will be the primary occupant of the newly leased space.

Why is the location advantageous for logistics?

The facility provides unmatched access to major transportation links, critical for distribution.

What other leases has Turnbridge secured recently?

Turnbridge has recently signed leases for both Industrial Outdoor Storage in Brooklyn and a location for Sky Zone.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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