Turnbridge Acquires College Point Industrial Property for $20M as Stalking Horse Bidder
Turnbridge Acquires College Point Industrial Property for $20M as Stalking Horse Bidder
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July 21, 2025 | New York City
Turnbridge Equities, a Manhattan-based real estate investment and development firm, has secured another significant industrial property in New York City’s outer boroughs. The firm acquired the large site located at 20-25 130th Street in College Point, Queens, for $20 million.
The transaction marks Turnbridge’s latest acquisition in a recent string of industrial property purchases in Brooklyn, Queens, and the Bronx. The firm served as the stalking horse bidder—a pre-negotiated bidder in a bankruptcy or distressed sale—suggesting this may have been part of a competitive or distressed sale process.
College Point, located near LaGuardia Airport and major roadways, continues to attract investor attention due to its industrial zoning, logistical convenience, and scarcity of developable land.
The deal further reinforces Turnbridge’s strategic focus on urban infill industrial sites that support e-commerce and last-mile distribution.
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