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NorthBridge's $500M Fundraise Bets on E-Commerce After Covid


June 1, 2021
NorthBridge Partners is the latest private equity vehicle to bank on the ongoing durability of the surge in e-commerce during the pandemic. The firm closed its $500 million third fund targeting last-mile East Coast logistics real estate earlier this week. To test the thesis,
Mergers & Acquisitions interviewed NorthBridge managing partners
Dean Atkins and
Greg Lauze. And we took a close look at commerce-related capital expenditures made by
Amazon Inc. (Nasdaq: AMZN) in Q1 and how they help us read the tea leaves. Here’s what we found.
Cardboard boxes on conveyor roller with racks on background
Private equity continues to make bets on logistics real estate–think warehouses–even as the pandemic winds down. NorthBridge’s recent oversubscribed fundraising follows its recapitalization of a $360 million industrial final-mile portfolio by a subsidiary of ....

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NJ distribution center trades for $23M | Real Estate Weekly


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Cushman & Wakefield has arranged the sale of the Moorestown Distribution Center, a 272,682 s/f industrial asset located at 14 Sbar Boulevard, 10 miles from Center City Philadelphia. The final sale price was $23,250,000.
A Cushman & Wakefield team of Gary Gabriel, Kyle Schmidt, David Bernhaut and Seth Zuidema, with assistance from local leasing specialists John Gartland and Jonas Skovdal, represented the seller, the Piperno Family, owner of craft wholesaler Sbar’s. NorthBridge Partners acquired the asset.
“This sale marks a significant milestone after more than 30 years of business in Moorestown,” said Anthony Piperno. “We are excited to see the use of the building continue to support the economic development of the town and the local region.” ....

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