Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ
Cushman & Wakefield (NYSE: CWK) acted as the exclusive advisor to Camber Real Estate Partners in securing $69.5 million for financing the Crossings Industrial Portfolio. This 25-building, 1.2-million-square-foot light industrial portfolio spans Bucks County, Philadelphia, and Southern New Jersey, with financing provided by Natixis. The portfolio has shown strong performance during the COVID-19 pandemic, highlighting a diversified tenant roster and high demand. The financing will support Camber's plans to optimize assets in response to the region's growing need for quality light industrial space.
- Secured $69.5 million financing for the Crossings Industrial Portfolio.
- Strong performance of the portfolio during the COVID-19 pandemic.
- Favorable financing terms from Natixis to support asset optimization.
- Strategic location with good regional accessibility and labor pools.
- None.
Cushman & Wakefield (NYSE: CWK) announced that the real estate services firm served as the exclusive advisor to Camber Real Estate Partners (“Camber”) in the procurement of
A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan represented Camber.
“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,” said 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,” added 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.”
Each asset in the Crossings Industrial Portfolio offers regional accessibility via Interstates 95 and 295 and deep labor pools to draw from throughout New Jersey and Eastern Pennsylvania.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of
About Camber Real Estate Partners
Camber Real Estate Partners is a fully integrated real estate investment company specializing in the acquisition, development, and repositioning of light industrial properties in the New York Metropolitan and Greater Philadelphia Areas. The firm operates an approximately 2.5 MSF portfolio and its management team has over 35 years of experience investing in its target markets through multiple cycles. In total, the firm’s management team has acquired over 9.5 MSF encompassing approximately
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FAQ
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