Cushman & Wakefield has been named property manager for the 22-acre former P. Ballantine & Sons brewery on Ferry Street in Newark.
The appointment closely follows the Ironbound industrial property’s acquisition by Turnbridge Equities and institutional investors advised by J.P. Morgan Asset Management from earlier this year.
Michael Nevins, Sam Collison, Mike Baldino, Eladio Bracero and Kevin Smith – members of Cushman & Wakefield’s regional Asset Services practice – are heading the assignment to provide day-to-day operational support for the 1.1-million-square-foot campus.
Originally owned and operated by P. Ballantine & Sons, the site on Ferry Street served as the company’s largest brewery. It closed in 1972 and ultimately was repositioned as a multi-tenant property. Its single- and multi-story, loft-style industrial and office buildings today house 30 businesses involved in warehouse/distribution, light manufacturing and other industrial uses.