{"id":1004606811,"date":"2022-10-14T03:06:50","date_gmt":"2022-10-14T11:06:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606811"},"modified":"2022-12-09T02:28:08","modified_gmt":"2022-12-09T10:28:08","slug":"camber-real-estate-scores-89m-for-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/","title":{"rendered":"Camber Real Estate Scores $89M for Industrial Portfolio"},"content":{"rendered":"<div id=\"attachment_1004606812\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004606812\" data-attachment-id=\"1004606812\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/2115-high-hill-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2115 High Hill Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2115 High Hill Road in Bridgeport, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg?w=800\" class=\"size-medium wp-image-1004606812\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\"><p id=\"caption-attachment-1004606812\" class=\"wp-caption-text\">2115 High Hill Road in Bridgeport, N.J.<\/p><\/div>\n<p><strong>Camber Real Estate Partners <\/strong>has obtained $89.1 million in refinancing funds for the Crossings Industrial Portfolio, a 25-building, 1.2 million-square-foot portfolio in New Jersey and Pennsylvania. <strong>Cushman &amp; Wakefield&nbsp;<\/strong>secured the floating-rate loan from <strong>Natixis<\/strong>.<\/p>\n<p>Camber purchased the portfolio at the end of 2020, in a partnership with AIG. Natixis financially backed that<a href=\"https:\/\/www.commercialsearch.com\/news\/camber-aig-buy-greater-philadelphia-industrial-portfolio\/\" target=\"_blank\" rel=\"noopener\">&nbsp;acquisition deal<\/a> as well, with a $69.5 million loan due to mature in 2031.<\/p>\n<p>The warehouse and light industrial assets are located in Delran, Bridgeport, Evesham, Cinnaminson and Mount Laurel, N.J., as well as Bristol, Pa. Each building has regional access through interstates 95 and 295. Since the acquisition, the ownership has brought occupancy from 90 percent to over 99 percent with more than 40 leasing deals.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-leasing-reaches-record-volumes\/\">Industrial Leasing Reaches Record Volumes<\/a><\/p>\n<hr>\n<p>Records indicate that some of the properties involved in the portfolio include:<\/p>\n<ul>\n<li>the 66,000-square-foot 501 Sharptown Road in Swedesboro, N.J.;<\/li>\n<li>the 156,120-square-foot 200 Rittenhouse Circle in Bristol, Pa.;<\/li>\n<li>the 188,533-square-foot 2115 High Hill Road in Bridgeport, N.J.;<\/li>\n<li>the 57,680-square-foot&nbsp; 2079 Center Square Road, also in Bridgeport.<\/li>\n<\/ul>\n<p>Cushman &amp; Wakefield&#8217;s John Alascio, Chuck Kohaut and TJ Sullivan represented the borrower. The same brokerage team arranged more than <a href=\"https:\/\/www.commercialsearch.com\/news\/advance-realty-greek-development-land-227m-for-major-nj-projects\/\">$227 million in construction financing<\/a> for the third phases of two large industrial projects in the metro areas of New Jersey and Philadelphia.<\/p>\n<h2>New Jersey, an industrial hotspot<\/h2>\n<p>New Jersey&#8217;s industrial market has seen increased activity since the beginning of 2022, in both acquisitions and developments. Furthermore, the area has witnessed industrial rents increased by 7.4 percent year-over-year as of August, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-sector-embraces-reshoring-initiatives\/\">CommercialEdge report<\/a>.<\/p>\n<p>In one of the market&#8217;s more significant transactions of the third quarter, Bridge Logistics Properties<b> <\/b>purchased <a href=\"https:\/\/www.commercialsearch.com\/news\/bridge-logistics-buys-new-jersey-industrial-asset\/\">a two-building industrial property<\/a> totaling 170,000 square feet in Linden, N.J., from Embee Associates.&nbsp;The buyer financed the acquisition with a $94.5 million loan from&nbsp;Prudential Financial Insurance Co.<\/p>\n<p>Also in New Jersey, L\u2019Or\u00e9al is set to open a new <a href=\"https:\/\/www.commercialsearch.com\/news\/loreal-to-open-140m-new-jersey-facility\/\" target=\"_blank\" rel=\"noopener\">$140 million research and innovation center<\/a> in Clark, N.J. Operations are anticipated to begin in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield secured the floating-rate loan from Natixis.<\/p>\n","protected":false},"author":3006,"featured_media":1004606812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,22251,21748,21742,10],"tags":[37331,32799,33915,34029],"class_list":["post-1004606811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-in-focus","category-industrial","category-latest","category-northeast","tag-camber-real-estate-partners","tag-cushman-wakefield","tag-john-alascio","tag-natixis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Camber Real Estate Scores $89M for Industrial Portfolio - CPE<\/title>\n<meta name=\"description\" content=\"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Camber Real Estate Scores $89M for Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-14T11:06:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:28:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/\",\"name\":\"Camber Real Estate Scores $89M for Industrial Portfolio - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg\",\"datePublished\":\"2022-10-14T11:06:50+00:00\",\"dateModified\":\"2022-12-09T10:28:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg\",\"width\":800,\"height\":600,\"caption\":\"2115 High Hill Road in Bridgeport, N.J.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Camber Real Estate Scores $89M for Industrial Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\",\"name\":\"Jordana Rothberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96\",\"caption\":\"Jordana Rothberg\"},\"description\":\"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Camber Real Estate Scores $89M for Industrial Portfolio - CPE","description":"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Camber Real Estate Scores $89M for Industrial Portfolio","og_description":"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.","og_url":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-10-14T11:06:50+00:00","article_modified_time":"2022-12-09T10:28:08+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg","type":"image\/jpeg"}],"author":"Jordana Rothberg","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/","name":"Camber Real Estate Scores $89M for Industrial Portfolio - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg","datePublished":"2022-10-14T11:06:50+00:00","dateModified":"2022-12-09T10:28:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9"},"description":"Natixis provided $89.1 million for the refinancing of a light industrial portfolio owned by Camber Real Estate Partners.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg","width":800,"height":600,"caption":"2115 High Hill Road in Bridgeport, N.J."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/camber-real-estate-scores-89m-for-industrial-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Camber Real Estate Scores $89M for Industrial Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9","name":"Jordana Rothberg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Professional-Pic.jpg?w=96","caption":"Jordana Rothberg"},"description":"Jordana is an Associate Editor with a background in journalism, copywriting, and real estate property management. Before joining the Yardi team, Jordana worked for a start-up. She also managed development progress on Colorado properties for the Aspen Building Company.","sameAs":["https:\/\/www.linkedin.com\/in\/jordana-rothberg-003a06177\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/jordana-rothberg\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/2115-High-Hill-Road-e1665742060112.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3006"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004606811"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606811\/revisions"}],"predecessor-version":[{"id":1004612480,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606811\/revisions\/1004612480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004606812"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004606811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004606811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004606811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}