Articles from Turnbridge Equities

Turnbridge Equities has commenced site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina.

Turnbridge Equities (Turnbridge), a real estate investment and development firm that uncovers commercial and industrial opportunities, announced today the acquisition of Eton Industrial Park, a 205,000 square foot multi-tenant industrial park located in the Canoga Park neighborhood of Los Angeles, for $28 million. This acquisition serves as the seed deal for Turnbridge’s newly launched investment thesis focused on acquiring and repositioning multi-tenant industrial properties throughout Southern California.

Turnbridge Equities (“Turnbridge”), a vertically integrated real estate investment and development firm, and affiliates of Dune Real Estate Partners (“Dune”), announced the recent execution of a 60,000 square foot lease to Otto Environmental Systems at their newly developed 807 Bank Street project in Brooklyn, New York. This lease increases the LEED Platinum-designated project to 100% leased just two months after delivery. The 172,000 square foot project was 65% pre-leased to two tenants at delivery in May 2024.

Turnbridge Equities (“Turnbridge”), a vertically integrated real estate investment and development firm, announced that Turnbridge and its co-development partner, Manekin LLC, a leading Maryland-based real estate development firm (collectively, the “Developer”), acquired the site and capitalized the construction of Hampton Logistics Center (“HLC”) in Hampton, Virginia, adjacent to the Port of Virginia. The transaction, which closed in May, included a $43.75 million construction loan from Knighthead Funding LLC and joint venture equity from Heitman LLC for the construction of two Class A industrial warehouse buildings totaling 506,559 square feet.

Turnbridge Equities (“Turnbridge”), a vertically-integrated real estate investment and development firm, has announced the acquisition of approximately 74 acres on Mailman Road in Knightdale, North Carolina. The off-market acquisition marks Turnbridge’s expansion of its Research Triangle portfolio into the single-family build-to-rent (“BTR”) sector, which will be a strategic focus of Turnbridge nationally.

Turnbridge Equities (Turnbridge), a vertically integrated real estate investment and development firm, announced the acquisition of 2300 East 69th Street Avenue in Brooklyn, NY, for $16.6 million. The 2.52-acre property, which includes an 11,000 square foot building, is slated for industrial outdoor storage (IOS) use and will be the third New York City IOS property that Turnbridge has acquired in the last year for its urban-infill IOS portfolio. The property is adjacent to 2350 East 69th Street, a 1.4-acre property that Turnbridge acquired in January 2024 for $8.85 million, bringing the assemblage to nearly four acres. 2350 East 69th Street includes a 48,000 square foot building currently occupied by tennis and gym operator, MatchPoint NYC.

Turnbridge Equities (Turnbridge) and affiliates of Dune Real Estate Partners LP (Dune) announced today that their Bronx Logistics Center project received a formal Precertification Letter from the U.S. Green Building Council (USGBC) designating the project with a LEED v4 Platinum rating, the highest LEED certification available by the governing body.

Turnbridge Equities (“Turnbridge”), a vertically integrated real estate investment and development firm, announced today that Turnbridge and its co-development partner, Manekin LLC, one of the capital region’s leading real estate development firms (collectively, the “Developer”), completed the capitalization of Phase I of the National Capital Business Park (“NCBP”) in the Washington, DC metro area. The transaction included approximately $275 million of construction financing and joint venture equity for the recapitalization and development of Phase I of NCBP, consisting of five Class A industrial warehouse buildings totaling 1.3 million square feet. The $165 million construction loan was provided by a fund managed by an affiliate of Apollo Global Management and a joint venture of the Qatar Investment Authority (QIA) and PCCP, LLC are partnering with Turnbridge and Manekin to provide approximately $110 million of equity to the project.

Turnbridge Equities (Turnbridge), a vertically integrated real estate investment and development firm, has announced the acquisition of a 3.6-acre site located at 19500 Rancho Way in Rancho Dominguez, CA, for $25.5 million. This strategic acquisition marks an expansion of Turnbridge Equities' Industrial Outdoor Storage (IOS) portfolio, further solidifying its presence in one of the most coveted industrial submarkets in the South Bay.

Turnbridge Equities (Turnbridge), a vertically integrated real estate investment and development firm, announced the acquisition of 555 W. 189th Street in Los Angeles, CA, a 2.49-acre site slated for industrial outdoor storage (IOS) use, for $18.3 million.

Turnbridge Equities (Turnbridge), a real estate investment and development firm that invests in commercial and industrial opportunities in high-growth and high barrier-to-entry markets, in partnership with Long Wharf Capital (Long Wharf), has announced the sale of its 738,000-square-foot Newark Distribution Center, formerly known as the Ballantine Brewery Complex, a 19.4-acre portfolio of three infill industrial properties located in Newark, NJ. As the former home of the P. Ballantine and Sons Brewing Company founded in 1840, the 100%-occupied property was purchased by Hines, a global real estate investment, development, and property manager. Turnbridge was represented by JLL in the transaction.