{"id":1004603295,"date":"2022-09-20T04:28:12","date_gmt":"2022-09-20T12:28:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004603295"},"modified":"2023-03-22T22:48:06","modified_gmt":"2023-03-23T06:48:06","slug":"bridge-logistics-buys-new-jersey-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/","title":{"rendered":"Bridge Logistics Buys New Jersey Industrial Asset"},"content":{"rendered":"
\"\"<\/a>

3301 & 3351 Trembley Point Road. Image courtesy of Bridge Logistics Properties<\/p><\/div>\n

Bridge Logistics Properties\u2014<\/strong>a subsidiary of Bridge Investment Group Holdings Inc.\u2014<\/strong>has purchased a two-building industrial property totaling 170,000 square feet in Linden, N.J. The seller was Embee Associates<\/strong>, CommercialEdge data shows.<\/p>\n

The buyer financed the acquisition with a $94.5 million loan from Prudential Financial Insurance Co<\/strong>. President Leo Josephs and Vice President Joshua Meinser of Leo Josephs & Co. Inc.<\/strong> facilitated the off-market deal for the buyer. The property last traded in 1999, when the current seller acquired it for $1.5 million, according to the same data provider.<\/p>\n

The pair of warehouses are located at 3301 and 3351 Trembley Point Road, on a 14.7-acre plot just off Interstate 95. The property sits 8.5 miles from Newark Liberty International Airport, 11.6 miles from Port Newark and within 23 miles of New York City.<\/p>\n

The North building is a Class A facility featuring 36-foot clear heights and cold storage space, while the South building is a Class B warehouse equipped with dock-high and grade-level doors. The property also includes excess land.<\/p>\n

Bridge Investment established its logistics division in June 2021. Since then, the Northeast team acquired six existing properties and a development site, amounting to a total of 565,519 square feet.<\/p>\n

Earlier this year, another two-building New Jersey asset changed hands<\/a>. Modern Logistics purchased the 73,276-square-foot Linden portfolio from Hub Realty. The sale includes two warehouses and a 2.1-acre laydown yard.<\/p>\n","protected":false},"excerpt":{"rendered":"

The buyer financed the acquisition with a $94.5 million loan.<\/p>\n","protected":false},"author":2991,"featured_media":1004603297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1600,21742,10],"tags":[43553,33626],"class_list":["post-1004603295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-bridge-investment-group","tag-prudential-financial"],"acf":[],"yoast_head":"\nBridge Logistics Buys New Jersey Industrial Asset - CPE<\/title>\n<meta name=\"description\" content=\"Bridge Investment Group's logistics subsidiary purchased a two-building industrial property totaling 170,000 square feet in Linden, N.J.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Logistics Buys New Jersey Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Bridge Investment Group's logistics subsidiary purchased a two-building industrial property totaling 170,000 square feet in Linden, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-20T12:28:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-23T06:48:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/BLP_Linden_Aerial-e1663663014799.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1056\" \/>\n\t<meta property=\"og:image:height\" content=\"792\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\",\"name\":\"Bridge Logistics Buys New Jersey Industrial Asset - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/BLP_Linden_Aerial-e1663663014799.jpg\",\"datePublished\":\"2022-09-20T12:28:12+00:00\",\"dateModified\":\"2023-03-23T06:48:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Bridge Investment Group's logistics subsidiary purchased a two-building industrial property totaling 170,000 square feet in Linden, N.J.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/BLP_Linden_Aerial-e1663663014799.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/BLP_Linden_Aerial-e1663663014799.jpg\",\"width\":1056,\"height\":792,\"caption\":\"3301 & 3351 Trembley Point Road. 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