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Turnbridge Secures Partner, $105 Million Loan for 1 Million-Square-Foot Logistics Center in the Bronx

Bronx Logistics Center to be One of the Largest Multistory, Last-Mile Distribution Facilities in the Region Once Complete
Bronx Logistics Center will be located in the Hunts Point neighborhood at 980 E. 149th St. on a 14.2-acre, five-property assemblage Turnbridge completed in a series of off-market transactions beginning in 2018. (Turnbridge Equities)
Bronx Logistics Center will be located in the Hunts Point neighborhood at 980 E. 149th St. on a 14.2-acre, five-property assemblage Turnbridge completed in a series of off-market transactions beginning in 2018. (Turnbridge Equities)
By Anne Cole Walker
CoStar Research
September 11, 2020 | 9:56 P.M.

Turnbridge Equities has recapitalized its planned 1.2 million-square-foot last-mile logistics facility in the Bronx by entering a joint venture with Dune Real Estate Partners and securing $105 million in predevelopment financing through JPMorgan.

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