Turnbridge Acquires Vacant Warehouse in Exit 8A Submarket

Turnbridge Equities has purchased 138 Georges Rd., a one-story, 143,280-square-foot industrial warehouse located at New Jersey Turnpike (Interstate 95) Exit 8A in Dayton, NJ. The investment and development firm paid $23.75 million for the property, which was acquired out of foreclosure proceedings.

Originally constructed as a 102,000-square-foot warehouse, the facility was expanded in 2023 with a 41,000-square-foot addition. Turnbridge plans to implement a $4-million value-add program, including adding more loading docks, a new roof and solar panels.

“The property’s vacant delivery enables us to execute on our business plan immediately, bringing the building up to institutional standards and reintroducing it to the market at a time of persistent demand for modern warehouse space,” said Turnbridge managing principal Ryan Nelson.

The NAI James E. Hanson team of Eric Demmers and Russell Verducci will represent Turnbridge as leasing agent. The broker for the sale was Emanuel Westfried of TwoBins Capital.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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