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NEW YORK CITYTurnbridge Equities has recapitalized the Bronx Logistics Center, an industrial development site situated on 14.2 acres in the Hunts Point submarket.  The company entered into a joint venture with affiliates of Dune Real Estate Partners to own and develop the five parcel assemblage. At the same time, the JV secured $105 million in pre-development financing from J.P. Morgan.  Turnbridge completed the assemblage in a series of off-market transactions beginning in 2018.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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