A joint venture between LaSalle Investment Management and Camber Real Estate Partners has purchased a three-building industrial portfolio on Long Island, adding a fully leased set of infill assets to their holdings. The transaction, completed for an undisclosed price, covers more than 270,000 square feet of industrial space and reflects ongoing investor interest in coastal logistics locations with limited available supply.
The portfolio is composed of three distinct properties serving different parts of Long Island’s industrial corridor. One building totals 46,000 square feet and is located in the JFK Airport area, positioning it to benefit from proximity to air cargo infrastructure and related distribution activity. The other two facilities, measuring 100,230 square feet and 124,500 square feet, are situated in the South Shore area of Suffolk County, NY, extending the portfolio’s reach farther east across Long Island.
All three assets are reported to be 100% leased at the time of acquisition, providing the new ownership with immediate income and limited near-term vacancy risk. According to Christopher Bellapianta, managing principal at Camber, the portfolio offers what he described as a rare combination of credit-backed income stability and long-term asset strength. He noted that the functional layouts and infill locations of the properties are expected to support performance over time in what he characterized as a highly supply-constrained industrial market.
The off-market sale was arranged by a JLL Capital Markets Investment Sales team, underscoring the role of intermediaries in sourcing and executing industrial portfolio trades away from broadly marketed processes. LaSalle Investment Management, a subsidiary of JLL, is a global real estate investment manager overseeing $86.6 billion of assets across multiple strategies and geographies, highlighting the institutional capital backing behind the joint venture.
Camber Real Estate Partners, based in New Jersey, brings a more targeted operating platform to the partnership. The firm currently operates an 80-building, 4.5 million square foot portfolio focused on value-add, infill light-industrial properties in select East Coast markets. The Long Island portfolio acquisition fits within that strategic focus on last-mile and infill locations, where supply constraints and entrenched tenant demand can support durable rent rolls and potential future rent growth. While specific business plans for the newly acquired properties were not disclosed, the combination of LaSalle’s capital base and Camber’s operating focus indicates that the assets will be managed within an established industrial investment and asset management framework.
