Exclusive: Bridge Industrial Scores $86M Loan in New Jersey
The note backs a 350,000-square-foot facility.
Bridge Industrial has obtained an $86.2 million permanent loan for Bridge Point Bayonne, a 355,580-square-foot industrial facility in Bayonne, N.J., according to Yardi Matrix. Massachusetts Mutual Life Insurance Co. originated the note.
Previous financing includes a $100 million construction loan from Banc of California, the same data provider shows. That debt dates back to January 2022.
Just last month, the company refinanced another warehouse, this time in Torrance, Calif. The firm obtained $60.4 million for BridgePoint South Bay II, a 203,877-square-foot building, from Barings.
Completed in 2024 at 63 Hook Road, the almost 18-acre property is located directly off Route 440 and less than 2 miles from central Bayonne. Newark Liberty International Airport, Port Newark–Elizabeth and the Holland Tunnel are all within 9 miles, while Interstate 95 is 6 miles away.
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The warehouse has 40-foot clear heights, 70 dock-high loading doors and four drive-in doors, as well as office space. Additionally, the property comprises a 130-foot truck court, 213 car parking spaces and 56 trailer spots.
Bridge Industrial’s portfolio consists of more than 76 million square feet of industrial space across the U.S. and the U.K. In New Jersey, the firm owns some 20 facilities totaling about 5.5 million square feet, according to Yardi Matrix data.
New Jersey’s industrial pipeline below national average
New Jersey’s industrial development pipeline comprised 6.4 million square feet going into 2026, according to a recent industrial report. This accounted for 1 percent of the market’s existing stock, which was 70 basis points below the national pace of construction.
Late last year, in one of the area’s largest financing deals, local company 2020 Acquisitions obtained a $654 million mortgage and mezzanine loan to refinance and complete the second phase of Central 9 Logistics Park in Old Bridge, N.J.
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