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Bridge Logistics Properties Acquires Two Warehouses and Excess Land in Linden
Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc. has acquired 3301 and 3351 Tremley Point Rd. in Linden, NJ. Directly adjacent to I-95 and convenient to Port Newark and Newark Liberty International Airport, the property consists of two warehouses totaling 170,000 square feet on 14.65 acres with a large excess land component.
“We are excited to add this infill New Jersey asset to our growing portfolio of coastal gateway assets across the United States,” said Will Gilkeson, investment officer of the Northeast, based in BLP’s East Rutherford, NJ office. “This is truly a unique property due to the functionality of the existing warehouses and sheer amount of excess yard – 3.2 acres – so close to the Port.”
Leo Josephs and Joshua Meisner of Leo Josephs & Company, Inc. sourced the transaction from a private owner on an off-market basis. Deal terms weren’t disclosed.
- ◦Sale/Acquisition
