Bridge Industrial

Bridge Industrial portfolio

$15.7 million* – industrial 100%; Queens 85%, Brooklyn 14%

2032th largest portfolio by dollar value

142,717 sqft – industrial 100%;

1524th largest by SF

2 properties – Brooklyn 50%, Queens 50%

3116th largest

Top Ten Associated Companies:

Krasnyi Oktyabr (2), Turnbridge Equities (1), FedEx (1), Pgim Real Estate (1)

Top Ten Associated People:

Galina Gendelman (2), Ryan Nelson (1), Brandon S. Tolbert (1), John Jacobs (1)

Recent activity as company:

Bridge Industrial borrowed $44.2 million from Pgim Real Estate for 58-95 Maurice Avenue, Maspeth, Queens on December 11, 2024.

DH Property Holdings, Bridge Industrial and Oak Capital Partners sold 73 20th Street, Greenwood Heights, Brooklyn for $13.5 million to Krasnyi Oktyabr on April 25, 2024.

Krasnyi Oktyabr sold 60 20th Street, Greenwood Heights, Brooklyn for $11.5 million to DH Property Holdings, Bridge Industrial and Oak Capital Partners on April 25, 2024.

Bridge Industrial and DH Property Holdings sold 75 20th Street, Greenwood Heights, Brooklyn for $248 million to FedEx on January 12, 2024.

Turnbridge Equities sold 58-95 Maurice Avenue, Maspeth, Queens for $57 million to Bridge Industrial on December 21, 2023.

Bridge Industrial for John Porcek filed plans for new building for 216,034 sqft in Greenwood Heights, Brooklyn, on July 29, 2021.

Bridge Industrial for John Porcek filed plans for new building for 36,381 sqft in Greenwood Heights, Brooklyn, on August 28, 2020.

Latest Stories:

• Bridge Industrial signs $44.2M initial loan with PGIM for industrial in Maspeth (December 12, 2024)

• DH Property, Bridge swap $13.5M parcel with importer to consolidate Sunset Park dev site (April 26, 2024)

• FedEx pays $248M to Bridge, DH Property for warehouse property in Sunset Park (January 15, 2024)

• Bridge Industrial pays $57M to Turnbridge Equities for industrial in Maspeth (December 22, 2023)

• Bridge Development, DH Property file plans for 4-story, 1M sf warehouse in Greenwood Heights (November 04, 2022)

• Bridge Development Partners files plans for 36K sf storage building in Sunset Park (August 31, 2020)

• DH Property Holdings files plans for a 175K sf storage building in Sunset Park (July 27, 2020)

• Turnbridge Equities paid $40M to Greiner-Maltz Management (July 27, 2019)

• Turnbridge Equities obtained financing of $24M from Aresif Lender (July 27, 2019)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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