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Sign in Sign up for a FREE subscriptionMarcus Partners, Camber acquires 1.2msf industrial portfolio to expand New Jersey holdings
Marcus Partners, a real estate investment, management and development firm, has announced the acquisition of the Crossings Light Industrial Portfolio, a 1.2 million-square-foot, 25-building light industrial portfolio situated on a combined 97.29 acres in southern New Jersey and Bucks County, Penn. The properties span from Bristol, Penn., down to Logan Township, N.J., with a concentration just south of Delran, N.J.
The acquisition was made in partnership with Camber Real Estate Partners, a Montclair, N.J.-based operator that initially acquired the portfolio in December 2020 and specializes in infill value-added light industrial products in select East Coast markets.
The buildings all feature immediate or direct access to an expansive regional highway network, a deep labor pool and population density and demographics. Additionally, the properties are 95 percent leased to 79 national, local, public and private companies.
“As we increase our industrial holdings in
