397-447 Ferry St, Newark, NJ 07105
Newark, NJ | 75359 sq. ft. | Est $ 50,867.33/mo
| Space Available: | 75359 sq. ft. |
| Type: | Industrial - Warehouse |
| Est. Rent: | $0.75/SF/Month $9.00/SF/Year |
Turnbridge Equities, together with JP Morgan Asset Management, acquired the former Ballantine Brewery property in January 2019. The Property consists of approximately 1.1 million SF of last-mile industrial distribution space , situated on 20 acres in the Ironbound neighborhood of Newark, NJ, only two miles from the Port of Newark and nine miles from Manhattan. The site sits in an Opportunity Zone, a new program that provides federal tax incentives for investments in new businesses and commercial projects in low-income communities that was part of the Tax Cuts and Jobs Act of 2017. The property is situated in a highly accessible location within close proximity to I-95, I-78, I-280, Port of NY/NJ, Newark International Airport, providing tenants with the ability to serve over 16 million people within a one-hour drive. After 40 years of non-institutional ownership, Turnbridge is planning a multi-million-dollar re-positioning program, including roof replacement, select demolition of abandoned structures, yard and loading area repaving and extensive aesthetic upgrades, along with Class A, professional management, to bring the property up to institutional standards, fill vacancies and improve rental rates.
Warehouse Property Information
397-447 Ferry St provides tenants 75359 square feet of warehouse space for rent in Newark, NJ.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
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