Turnbridge Equities acquires 143,000 s/f industrial warehouse at Exit 8A in New Jersey for $23.75 million

Dayton, NJ The real estate investment and development firm Turnbridge Equities has purchased 138 Georges Road, a one-story, 143,280 s/f industrial warehouse located at The New Jersey Turnpike’s Exit 8A off of I-95, announced Ryan Nelson, managing principal of Turnbridge Equities.

The building offers 14 dock-high loading doors, one drive-in door, and clear heights ranging from 26 to 28 feet.

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

Turnbridge acquired the property while it was in foreclosure proceedings. 

“Strategically positioned just off Exit 8A of I-95,” said Nelson, “the site provides unrivaled access to key transportation arteries, including the New Jersey Turnpike, Route 130, and Route 1.”

The property sits within an hour’s drive of both New York City and Philadelphia, as well as the Port of New York and New Jersey and Newark Liberty International Airport, serving as a gateway to more than 29 million consumers within a two-hour radius.

“As always, Turnbridge is focused on acquiring and repositioning well-located industrial assets across key U.S. logistics markets," said Nelson. “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.” 

The acquisition of 138 Georges Road underscores the firm’s commitment to investing in infill and high-barrier-to-entry locations that offer long-term growth potential.

The NAI Hanson team of Eric Demmers and Russell Verducci will be representing Turnbridge as the leasing agent on the property. The broker for the sale was Emanuel Westfried of TwoBins Capital.