LaSalle Investment Management (LaSalle) and N.J.-based Camber Real Estate Partners have formed a joint venture partnership to acquire a three-property industrial portfolio totaling more than 270,000-square feet on Long Island. The off-market transaction presented a rare opportunity to invest in 100 percent leased, high-performing infill assets in one of the nation's most-competitive and supply-constrained logistics corridors.
The portfolio is anchored by two investment-grade tenants representing the global logistics and national defense sectors. Financial terms of the transaction and exact property locations remain undisclosed.
"This acquisition fits our strategy of targeting highly infill industrial assets in supply-constrained markets with strong fundamentals," said Jeff Shuster, president of LaSalle Value Partners. "This is a unique opportunity to acquire a high-quality industrial portfolio in Long Island benefiting from high barriers to entry, minimal new supply an
