255,069-Square Foot Lease Signed By Turnbridge Equities at Newly Acquired Warehouse in Bayonne, New Jersey

BAYONNE, N.J., July 11, 2025 ~ Turnbridge Equities, a real estate investment and development firm, has recently signed a long-term industrial lease for 255,069 square feet at 169 Pulaski Street in Bayonne, New Jersey. The lease is for the company's newest warehouse and distribution facility, which will be occupied by TWTH Express. This announcement was made by Ryan Nelson, managing principal of Turnbridge Equities and owner of the property.

According to Nelson, Turnbridge acquired the property in April of 2025 and is currently in the process of executing a $12 million renovation and repositioning project. The leased space is part of a larger warehouse within a three-building portfolio that was previously occupied by Waitex Global as part of a sale leaseback agreement. The terms of the TWTH lease are at market rates.

"We're thrilled to welcome TWTH to our property and continue our progress in stabilizing this highly strategic asset," says Nelson. He also highlights the prime location of the Bayonne facility, which offers easy access to the Port of New York and New Jersey, as well as New Jersey and New York City. Nelson expresses confidence that future improvements will further enhance the site's value for modern logistics users.

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This recent lease is just one example of Turnbridge's success in its New York City properties. In fact, Nelson notes that this is their third major lease arrangement in just a few weeks. They have recently signed leases for 83,000 square feet of Industrial Outdoor Storage (IOS) land at 2647 Stillwell Avenue in Gravesend, Brooklyn to Beacon Mobility, a bus company; and 52,100 square feet at the single-story warehouse at 2350 East 69th Street in Bergen Beach section of Brooklyn to Sky Zone for an Indoor Trampoline Park.

The broker representing Turnbridge in this transaction was Russell Verducci from NAI Global while TWTH's brokers were Chris Okada from Okada & Company and Emanuel Westfried from Two Bins Capital.

Turnbridge Equities was founded in 2015 by Andrew Joblon and is a vertically integrated, SEC-registered real estate investment and development firm. They have a proven track record of success across various asset classes and markets. With over $4 billion of assets under management across two managed funds, Turnbridge is headquartered in New York City with additional offices in Washington D.C., Los Angeles, Austin, and Miami. It should be noted that this announcement does not constitute an offer to sell or a solicitation of an offer to purchase any interests in any Turnbridge projects.

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