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New York & Tri-State  + New Jersey  + Industrial  |  May 16, 2023
Emily Fu
By: Emily Fu

Bridge Logistics Properties Buys NJ Industrial Warehouse for $45M

Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has acquired 1-5 Plant Road in Hasbrouck Heights, New Jersey for $45 million. The property encompasses 202,000 square feet of warehouse space and a half-acre parking lot. Situated in the Meadowlands industrial market, the location offers access to Newark Liberty International Airport and the Ports of New York/New Jersey.  

“We’re excited to add 1-5 Plant Road to our Meadowlands portfolio,” said Will Gilkeson, vice president of BLP. “This was a rare opportunity to acquire a functional property of scale in one of the most sought-after industrial markets of the country.” 

The transaction was sourced off-market by Leo Josephs and Joshua Meisner of Leo Josephs & Company.  

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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