The collection of 13 buildings is 95% leased to a diverse tenant base and totals 733,899 square feet in West Deptford as well as Aston, Pennsylvania. The three-year loan was provided by Natixis.
A Cushman & Wakefield equity, debt & structured finance team of John Alascio, Chuck Kohaut, T.J. Sullivan and John Spreitzer represented the borrower.
“The portfolio’s strong in-place cash flow with upside, exceptional regional accessibility and experienced institutional sponsorship drove a highly competitive capital markets execution,” Alascio said. “We’re grateful for the opportunity to represent Camber on another exciting industrial acquisition.”
Christopher Bellapianta, managing principal of Camber, added, “This transaction is highly correlated with our acquisition criteria of quality real estate in infill path-of-growth locations where we can leverage our platform to add value.”
“Lenders were highly attracted to the location and functionality of the assets,” Kohaut said. “Natixis provided compelling loan terms that will allow Camber to successfully execute on their thoughtful business plan.”
Strategically located within two of Greater Philadelphia’s most sought-after submarkets, the assets are just minutes from Interstates 95 and 295, providing regional connectivity and access to deep labor pools throughout New Jersey and Eastern Pennsylvania.