Newark’s Ballantine Brewery site gets 3 industrial tenants

Three companies have signed industrial leases at the former Ballantine Brewery property in Newark, NJBIZ reported. L. Gambert LLC inked a 16,504-square-foot lease; Windsor inked an 11,000-square-foot lease and Eli Fashion inked a 9,000-square-foot lease, according to NAI Hanson, which negotiated the leases. A joint venture between Turnbridge Equities and JP Morgan’s asset management arm bought the property, known as the Ballantine Industrial Center, for $61 million last year and poured more than $10 million into improving it. [NJBIZ]