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NAI Hanson Hired to Lease Iconic Newark Industrial Property

Since the $61-million purchase, the new ownership has engaged in a more than $10-million capital improvement program aimed at creating a modern and flexible industrial property.

Turnbridge Equities and institutional investors advised by J.P. Morgan Asset Management acquired the former Ballantine Brewery earlier this year for $61 million. Turnbridge Equities and institutional investors advised by J.P. Morgan Asset Management acquired the former Ballantine Brewery earlier this year for $61 million.

NEWARK, NJ—The new ownership of the Ballantine Industrial Center here has retained commercial brokerage firm NAI James E. Hanson as the exclusive leasing agent for the more than 807,000-square-foot complex.

The former Ballantine Brewery complex at 397-447 Ferry St. in the Ironbound District was acquired earlier this year by a joint venture of Turnbridge Equities and institutional investors advised by J.P. Morgan Asset Management. Since the $61-million purchase, the new ownership has engaged in a more than $10-million capital improvement program aimed at creating a modern and flexible industrial property.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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