Property Size :
Price / yr :
Price / sf / yr :
Price / mo :
Price / sf / mo :
Warehouse :
75,359 SF
$ 678,228 / yr
$ 9.00 sf / yr
$ 56,519 / mo
$ 0.75 sf / mo
# 24925
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.
Newark Local Warehouse Experts
Your Reliable Partner in Finding the Ideal Warehouse Space At IndustrialSpaces.net, we are more than just a listing service. We are your dedicated partner in navigating the warehouse rental market in Newark, NJ. Our experienced team of local experts specialises in matching businesses with their ideal industrial space.
Our Services:
Personalised Property Matching: We understand that every business has unique needs. Our experts will help you find the warehouse space that perfectly fits your specific requirements.
End-to-End Support: From property viewing to rental negotiations, we provide comprehensive support throughout the rental process.
Cost-Efficient Solutions: Our expertise in the local market ensures you get the best deal, including potential savings on rent and favourable rental terms.
Choosing IndustrialSpaces.net means partnering with a team that is committed to finding you the best warehouse space in Newark. Contact us today at (833) 556-5511 for a free consultation and discover how we can help your business thrive.
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