In a deal organized by Cushman & Wakefield, a Chicago-headquartered real estate firm picked up a four-building, 256,000 sq. ft. industrial portfolio in the heart of the Meadowlands, paying a reported $48.3 million for the property owned by JPMorgan Asset Management.
The deal was arranged by Cushman & Wakefield, a longtime Meadowlands Chamber member with a strong presence in the region’s industrial market.
Kurv Industrial announced its name change from Bridge Industrial on Tuesday, March 31, and also confirmed the closing of the Meadowlands deal, which includes 194 and 320 Veterans Blvd. and 599 Gotham Parkway in Carlstadt, plus 25 E. Union Ave. in East Rutherford.
Future Use Includes Logistics Hubs
Kurv said it will upgrade some of the properties for users seeking logistics hubs under 100,00 square feet, adding that the company’s organizational structure, leadership, and strategy would remain in place.
“This is more than a new name; it reflects the evolution of our firm. Growth takes shape in the turns, in moments that require conviction, clarity, and patience. The name Kurv reflects that mindset,” said Steve Poulos, co-founder and chief executive officer, Kurv Industrial.
“The industry has evolved significantly since we founded the company in 2000, but our approach has always been grounded in discipline and execution. We built this platform by consistently delivering and staying focused on our core fundamentals — even as the market changed,” Poulos said.
Logistics and Warehouses Share Addresses
One of North Jersey’s most competitive logistics corridors is also one of the state’s most popular gateways for warehouse space. Kurv said the space will suit tenants seeking facilities under 100,000 square feet — a segment that remains tight across North Jersey.
Planned improvements include enhancing building functionality and delivering energy-efficient, updated warehouse units.
“Investing in the Meadowlands portfolio reflects a strategic and disciplined approach to acquiring value-add properties and repositioning well-located assets to align with evolving tenant demand,” said Stefan Sansone, Kurv Industrial’s senior vice president for investments in the Northeast.
“By thoughtfully repositioning each building to meet a range of user needs, we are enhancing functionality, strengthening market relevance and driving durable growth in a supply-constrained, highly competitive landscape,” Sansone added.
Meadowlands: Logistics Hotspot
The Meadowlands — particularly Carlstadt, East Rutherford, and surrounding Bergen and Hudson county towns — continues to attract industrial investment due to its proximity to key transportation infrastructure, Kurv said. The properties offer easy access to Port Newark-Elizabeth, Newark Liberty International Airport, and major Hudson River crossings, making them ideal for port-driven and last-mile distribution.
Warehouse space in North Jersey remains among the most sought-after in the country, driven by e-commerce growth, population density, and limited available land for new development.
Financing and deal team
Cushman & Wakefield represented the seller, JP Morgan Asset Management, and secured the buyer. The firm’s capital markets team also arranged $48.3 million in financing through CIBC.
JLL Capital Markets announced in November 2025 that it had arranged $27.1 million in bridge financing on behalf of the borrower, then called Bridge Industrial, to secure a loan through PPM America, Inc.
“Kurv Meadowlands’ infill location, functionality and top-tier sponsorship drove a highly competitive capital markets execution,” Chuck Kohaut, an executive director at Cushman & Wakefield, said last year. “We’re grateful for the opportunity to represent Kurv Industrial on this exciting acquisition.”
Chamber Connections, Local Impact
The deal highlights the continued role of Meadowlands Chamber members in shaping the region’s industrial landscape.
The Meadowlands remains home to major logistics and distribution players, including JLL Capital Markets, Cushman & Wakefield, NAI James E. Hansen, P3 Properties, Russo Development, Hartz Mountain, Forsgate, Prologis, and more.
As companies continue to seek well-located, flexible warehouse space, transactions like this reinforce the Meadowlands’ position as a critical hub in the Northeast supply chain — where older properties are being reimagined to meet modern logistics demands.
About Kurv Industrial
Co-founded by Steve Poulos in Chicago in 2000, the firm navigates complex developments and transactions in supply-constrained markets. The company has regional offices in Los Angeles, Miami, New Jersey, and Seattle.
Kurv Industrial said it will continue to develop, invest in, and operate Class A, state-of-the-art industrial real estate in supply-constrained markets. The firm’s approach remains rooted in local market expertise, disciplined execution, and operational rigor, creating value for investors, tenants, and communities.
