Hainesport / Lumberton, NJ — Camber Real Estate Partners (Camber), in partnership with Invesco Real Estate has acquired a five-building industrial portfolio totaling 384,335 s/f in Burlington County. The portfolio consists of highly functional buildings situated within the NJ Tpke. Exit 5 Exchange, one of the region’s most in-demand last-mile logistics corridors.
Originally developed by Whitesell, the portfolio properties include 6 Berry Dr. in Hainesport, along with 110, 120, 130 and 140 Mount Holly Bypass in Lumberton, just 20 miles east of Philadelphia.
“Shallow bay industrial product is continuing to perform well, especially in last-mile locations along the Northeast Corridor,” said Chris Bellapianta, Camber managing principal. “This acquisition represents a unique opportunity to invest in a high-growth region with unparalleled accessibility, a strong labor pool and modern industrial assets that meet the evolving needs of today’s tenants. We are thrilled to partner with Invesco Real Estate on this exciting acquisition.”
The investment is the first under the firm’s new director of acquisitions Kevin Interlicchio, who joined Camber last September and is responsible for shaping the firm’s acquisitions strategy and sourcing new investments. Prior to joining Camber, Interlicchio held the position of vice president at PGIM Real Estate, where he played an instrumental role in executing industrial transactions totaling over 42.7 million s/f.
Michael Hines, Joe Hill and Brad Ruppel of CBRE National Partners represented the seller in the transaction.