Prime Bayonne industrial asset located at 169 Pulaski St. offers unparalleled access to Port of New York and New Jersey
News release
28 April 2025
JLL secures $80.27M acquisition financing for 613K SF industrial property
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NEW YORK CITY, Apr. 28, 2025 – JLL Capital Markets announced today that it has arranged $80.27 million in acquisition financing for 169 Pulaski Street, a 17.9-acre industrial property in Bayonne, New Jersey.
JLL worked on behalf of the borrower, Turnbridge Equities, to secure the loan.
169 Pulaski Street comprises three industrial buildings and 2.16 acres of industrial outdoor storage space. The property features 48 loading docks, ceiling heights up to 28 feet and ample parking for over 225 trailers.
The property is currently 90% leased to Waitex Global International, a global logistics company that has occupied the site for over 21 years. Waitex will execute short-term leasebacks on portions of the property while the new ownership implements a value-add business plan.
Situated on 17.9 acres less than one mile from the Global Container Terminal Bayonne, its strategic location provides unparalleled access to New York City, New Jersey port facilities, Newark Liberty International Airport and major highways.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Turnbridge Equities
Founded in 2015 by Andrew Joblon, Turnbridge Equities is a vertically integrated SEC-registered real estate investment and development firm with a demonstrated track record of success across a wide range of asset classes and markets. Since inception, Turnbridge has invested or managed over $4 billion of capital across two managed funds and multiple co-investment vehicles. The firm pursues uniquely diversified investment strategies and a highly selective market entry process that creates long-term value for investors, occupants and end users. Turnbridge is headquartered in New York City with additional offices in Washington D.C., Los Angeles, Austin and Miami. To learn more, please visit turnbridgeeq.com.