{"id":1004765891,"date":"2025-07-23T03:51:49","date_gmt":"2025-07-23T11:51:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004765891"},"modified":"2025-07-24T00:05:50","modified_gmt":"2025-07-24T08:05:50","slug":"turnbridge-buys-queens-ios-asset-in-bankruptcy-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/","title":{"rendered":"Turnbridge Buys Queens IOS Asset in Bankruptcy Sale"},"content":{"rendered":"
\n
\"20-25<\/a>
Turnbridge Equities was the stalking horse bidder in the bankruptcy auction, acquiring the IOS asset for $20 million. Image courtesy of DY Realty<\/em><\/figcaption><\/figure><\/div>\n\n\n

Turnbridge Equities has acquired an IOS property in College Point, Queens, for $20 million. The real estate investment company was the stalking horse bidder in a bankruptcy auction of the seller, Zano Industries. This will be Turnbridge\u2019s 10th industrial asset in the NYC metro.<\/p>\n\n\n\n

The vacant property at 20-25 130th St. is set to undergo multiple improvements, making it available for long-term leasing opportunities. Work will include new paving, fencing and lighting to improve operations.<\/p>\n\n\n\n

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READ ALSO<\/strong>: Industrial Report: Tariff, Construction Uncertainty Reshape Market Dynamics<\/a><\/p>\n\n\n\n

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The asset is approximately 3 miles from Citi Field and LaGuardia Airport is within 5 miles. The property has access to the Whitestone Expressway.<\/p>\n\n\n\n

Mathew Diana of DY Realty represented the seller and bankruptcy court in the transaction. Turnbridge represented itself.<\/p>\n\n\n\n

Turnbridge has recently been active in the New York City industrial market. In addition to the Bayonne, N.J., property the company purchased earlier this year, Turnbridge acquired a 2.5-acre IOS asset in Brooklyn at 2300 E. 69th St. for $16.6 million in the spring of 2024. Turnbridge also purchased 2350 E. 69th St. in January 2024 for $8.9 million, which saw a full-property lease earlier in 2025.<\/p>\n\n\n\n

In July, Turnbridge announced a 255,069-square-foot lease<\/a> with TWTH Express at Bayonne Distribution Center in New Jersey.<\/p>\n\n\n\n

Industrial activity in metro New York <\/h2>\n\n\n\n

A suburban New York hub ranks as one of the nation’s top emerging markets for industrial real estate, according to Yardi Research Data. Just north of the city, White Plains<\/a> stands out for its high property valuations, with a 43.3 percent year-over-year increase in pricing as of December 2024. The market also had 2.7 million square feet of industrial space under construction.<\/p>\n\n\n\n

In June, Wildflower\u2019s JFK Logistics Center<\/a> at 153-44 S. Conduit Ave., Queens, received a $48.1 million refinancing loan from Barings. The industrial property totaling 116,725 square feet opened two years ago.<\/p>\n\n\n\n

Earlier in July, Crow Holdings also announced the full occupancy of Crow Holdings at Carteret<\/a>, in Carteret, N.J. Broad Range Logistics signed a 480,000-square-foot long-term lease at 500 Salt Meadow Road. The 1.2 million-square-foot campus is just off New Jersey Turnpike.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition marks the company\u2019s 10th industrial property in this market.<\/p>\n","protected":false},"author":3749,"featured_media":1004765892,"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":[49084],"class_list":["post-1004765891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-turnbridge-equities"],"acf":[],"yoast_head":"\nTurnbridge Buys Queens IOS Asset in Bankruptcy Sale - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Turnbridge Equities has acquired an IOS property in College Point, Queens, for $20 million, in a bankruptcy auction.\" \/>\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\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turnbridge Buys Queens IOS Asset in Bankruptcy Sale\" \/>\n<meta property=\"og:description\" content=\"Turnbridge Equities has acquired an IOS property in College Point, Queens, for $20 million, in a bankruptcy auction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/\" \/>\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=\"2025-07-23T11:51:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-24T08:05:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/College-Point-Queens.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mikayla Sciortino\" \/>\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\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/\",\"name\":\"Turnbridge Buys Queens IOS Asset in Bankruptcy Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/College-Point-Queens.png\",\"datePublished\":\"2025-07-23T11:51:49+00:00\",\"dateModified\":\"2025-07-24T08:05:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f119cdcafd70d8f34fc5aa340ed5382b\"},\"description\":\"Turnbridge Equities has acquired an IOS property in College Point, Queens, for $20 million, in a bankruptcy auction.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/turnbridge-buys-queens-ios-asset-in-bankruptcy-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/College-Point-Queens.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/College-Point-Queens.png\",\"width\":800,\"height\":620,\"caption\":\"Turnbridge Equities was the highest bidder in the bankruptcy auction and snagged the IOS asset for $20 million. 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