Camber Real Estate Partners, in collaboration with Invesco Real Estate, has recently purchased a collection of five industrial buildings totaling 384,335 square feet in the suburbs of Philadelphia.
The portfolio is located in Burlington County, New Jersey and features well-designed buildings situated within the highly sought-after NJ Turnpike Exit 5 Exchange. The area is known for its strong demand for last-mile logistics facilities. CBRE National Partners’ Michael Hines, Joe Hill and Brad Ruppel acted as representatives for the seller during the transaction.
Developed by Whitesell originally, these properties include 6 Berry Drive in Hainesport and four other locations along Mount Holly Bypass (110-140) in Lumberton – just a short distance from Philadelphia. According to Camber’s managing principal Chris Bellapianta: “This acquisition presents an exceptional opportunity to invest in a rapidly growing region with excellent accessibility options, access to skilled labor force and modern industrial assets that cater to today’s evolving tenant needs.” This news was first reported on Connect CRE.
