PHILADELPHIA, PA – Camber Real Estate Partners has secured $69.5 million in financing for a 25-property, 1.2-million-square-foot, light industrial portfolio, located throughout Bucks County, PA Philadelphia, PA and Southern New Jersey.
Cushman & Wakefield served as the exclusive advisor to Camber Real Estate Partners in procuring the financing. The floating-rate financing was provided by Natixis.
Each property within the Crossings Industrial Portfolio offers access to Interstate 95 and Interstate 295.
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The Cushman & Wakefield equity, debt & structured finance team representing Camber Real Estate Partners comprised John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan.
"The portfolio represents an ideal mix of functional, multi-tenanted and well-located light industrial assets in Greater Philadelphia's most sought after submarkets: Bucks County and Southern New Jersey," states Alascio. "The portfolio's strong performance throughout the COVID-19 pandemic is exemplary of the strong and diversified tenant roster, as well as the area's unprecedented tenant demand."
"Lenders were highly attracted to the location and functionality of the assets," says Vankayala. "Natixis provided favorable loan terms which will enable Camber to execute on its thoughtful business plan, optimizing the assets' ability to continue serving the region's increasing demand for high-quality light industrial space."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
