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200,000-SF Industrial Assignment Marks Third in 15 Months with Turnbridge Equities
West Nyack, NY, February 14, 2020 – Turnbridge Equities has named Cushman & Wakefield’s New Jersey Asset Services team as property manager for 250 West Nyack Road in West Nyack. The assignment marks Cushman & Wakefield’s third appointment by Turnbridge in 15 months; the team now oversees nearly 1.6 million square feet for the Manhattan-based investment and development firm.
Cushman & Wakefield’s Mike Nevins and Karen Hromin lead the management team whose initial efforts will center on the development and roll-out of processes and policies to bring the 240,000-square-foot Rockland County industrial and office asset to institutional management standards.
“Turnbridge is known for its value-add investment strategy and this newly-acquired asset is well-suited to continue the company’s track record of successfully raising the bar at industrial properties,” Nevins said. “We are honored to be part of this fantastic, expanding relationship.”
Cushman & Wakefield’s East Rutherford-based New Jersey Asset Services team currently provides property management services for approximately 17.7 million square feet of space in and around the Garden State, including 13.7 million square feet of industrial product. Focused on enhancing asset value, the firm’s professionals are empowered to minimize operating costs, improve efficiencies and enhance customer service in order to protect the value of each client’s investment.
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
About Turnbridge Equities
Turnbridge Equities is a New York City-based, privately held full service real estate investment and development firm with additional offices in Los Angeles, Washington, DC, Miami and Austin. Turnbridge’s vertically integrated platform and extensive relationships enable the company to acquire, develop, reposition, and operate real estate. Turnbridge is an SEC registered investment advisor, via Turnbridge RE Fund Management Company I LLC. For additional information, please visit www.turnbridgeeq.com.