Dealmaker: Cushman & Wakefield Arranges $70M for Industrial Portfolio

Cushman & Wakefield, Chicago, partnered with Camber Real Estate Partners, Montclair, N.J., to procure $69.5 million for a 25-building light industrial portfolio.

Situated across Bucks County, Philadelphia and southern New Jersey, the Crossings Industrial Portfolio totals 1.2 million square feet.

A Cushman & Wakefield Equity, Debt & Structured Finance team of Executive Managing Director John Alascio, Managing Director Sridhar Vankayala, Director Chuck Kohaut, Associate Director TJ Sullivan and Financial Analyst Meredith Donovan represented Camber.

Natixis, Paris, provided the floating-rate financing.

Alascio said the portfolio includes a mix of functional, multi-tenanted and well-located light industrial assets. “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,” he said.

Vankayala noted Natixis’ loan terms will enable Camber to execute its 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 labor pools to draw from throughout New Jersey and eastern Pennsylvania.