75,359 SF Warehouse for Rent in Newark, NJ

Warehouse Description

In January 2019, Turnbridge Equities and JP Morgan Asset Management joined forces to acquire the former Ballantine Brewery facility. This 1.1 million square foot industrial distribution complex is strategically situated on 20 acres in Newark, New Jersey's Ironbound neighborhood. Just two miles from the Port of Newark and nine miles from Manhattan, the property further benefits from its location within an Opportunity Zone, offering federal tax incentives for investments. Excellent accessibility is provided by proximity to major highways, the Port of NY/NJ, and Newark International Airport, enabling tenants to reach over 16 million people within an hour's drive. After decades of non-institutional ownership, Turnbridge has initiated a significant multi-million-dollar renovation program. This includes extensive upgrades to the roof, demolition of unused structures, repaving of yards and loading areas, and aesthetic enhancements. The goal is to transform the property into an institutional-grade asset, attracting tenants and boosting rental rates.

Additionally, a 141,254-square-foot industrial building is situated in Neptune City, New Jersey, offering 28 feet of clear height, ample loading docks and drive-in doors, truck wells, and a 500 PSF floor load capacity. It also boasts modern features such as a wet sprinkler system, LED lighting, insulated roof, acoustical ceiling panels, and ample parking. This building is currently vacant and offers immediate occupancy for businesses seeking a prime location in the heart of the Jersey Shore with easy access to major transportation routes.