S hopping C enters N ew J ersey /P en sylvania
M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B
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Acquisition is comprised of distribution buildings and infill light-industrial properties Camber Real Estate Partners announces 1.24M s/f portfolio acquisition, continued expansion into 2021
OUTHERN NJ AND SOUTHEASTERN PA — Camber Real Estate Partners has an- nounced the acquisition of a 1.24M s/f portfolio in South- ern New Jersey and South- eastern Pennsylvania. The acquisition is comprised of a mix of distribution buildings and multitenant infill light- industrial properties, which remain a central focus of Camber’s investment strat- egy moving into 2021. Camber had an active 2020 acquiring a total of 30 build- ings spanning seven counties HI-LIGHTS FEB. 19 - MARCH 12, 2021 S
portfolio aligns with our strategy to acquire light in- dustrial product in submar- kets where the supply and demand paradigm effects rent growth and low vacancy over the life of an invest- ment.” said Dave Surti , principal of Camber Real Es- tate Partners. “We continue to observe unprecedented tenant demand as occupants seek locations in proximity not only to end-consumers but also other businesses in the supply chain.” The selling broker on the transaction was the National Partners Team of CBRE , led by vice chairman Michael D. Hines together with vice Chairman Brian Fiumara , senior vice president Brad Ruppel and financial ana - lyst Liam Fahey . Camber was not represented by a broker. MAREJ
One of the portfolio of buildings acquired by Camber Real Estate Partners, totaling 77,875 s/f bulk of Camber’s portfolio are vital to the growing need of not only e-commerce but also wholesale, manufactur- ing, and construction sectors. The locations of Camber’s latest acquisition provide strategic access to Philadel- phia together with Southern and Central New Jersey. “The acquisition of this in New Jersey and in Bucks County in PA. The recent portfolio acquisition con- sists of functional well-leased buildings with a diverse high- quality roster of tenants. “2020 was a grind on ev- ery level down to its final hours” said Christopher Bellapianta , managing principal of Camber Real Estate Partners. “We were thrilled to end the year with this acquisition and remain focused on continuing to ac- quire value-add industrial and light-industrial assets in the Greater New York and Greater Philadelphia Metropolitan Areas.” The infill light-industrial properties that comprise the
Bennett Williams Commercial brokers 196,000 s/f industrial building in Shippensburg Borough
SPOTLIGHT CENTRAL NJ
7-8B
the transaction. 2,500 s/f industrial space at 120 N. 25th St., North Leba- non Twp., Lebanon County. Harmony Turbines leased the space from Risser Properties, LLC. Tom Troccoli of Ben- nett Williams Commercial represented both the tenant and the landlord in the trans- action. 12,920 s/f industrial space at 3405 Board Rd. , Man- chester Twp. Manufacturers Association of South Central Pennsylvania subleased the space from Mahaney Group, LLC. Kahlbaugh and Denny Neiman of Bennett Williams Commercial represented both the tenant and the landlord in the transaction. 1,500 s/f retail space at Lykens Valley Plaza, 4686 State Rte. 209, Washington Twp. Hank’s Smokin Hot BBQ & Catering Company, LLC leased the space from RJB Jr, LLC. Shaffer, Justin Willits, Tommy Vo , Rohrbaugh, and Stine of Bennett Williams Commercial represented the
landlord in the transaction. 2,800 s/f retail space at Promenade at Lebanon, 835 Bowman St., Lebanon City. Cell Phones For Less, Inc. leased the space from Prom- enade East Investors, LLC. Khan, Shaffer, Rohrbaugh, and Stine of Bennett Williams Commercial represented the landlord in the transaction. 2,000 s/f retail space at 1687-1697 Oregon Pike, Man- heim Twp. Doceo Office Solu - tions, LLC leased the space from 1687 Oregon Manage- ment, LLC. Rohrbaugh, Stine, and Dave Nicholson of Ben- nett Williams Commercial represented the landlord in the transaction. 3,400 s/f retail space at 4401 Jonestown Rd., Lower Paxton Twp. GR, LLC leased the space from Queen Street Messina, LLC. Justin Wil - lits , Rohrbaugh, and Stine of Bennett Williams Commercial represented the tenant and Khan, Rohrbaugh, and Stine represented the landlord in the transaction. MAREJ
YORK, PA — Bennett Williams Commercial has arranged the sale/lease of the following transactions: 196,000 s/f industrial build- ing at 9 Springhouse Rd., Ship- pensburg Borough. 35 Spring- house, LLC purchased the property from Wagner Farm 77, LLC. Jeff Herr, Jeffrey Herr, Brad Rohrbaugh , and Chad Stine of Ben- nett Williams Commercial represented the seller in the transaction. 1,400 s/f retail space at Indiana Gateway Shoppes, 405 Philadelphia St., Indiana Borough. Domino’s leased the space from MFP Enter- prises, LLC. Blake Shaf- fer , Rohrbaugh, Stine, and Joe Spagnola of Bennett Williams Commercial rep- resented the landlord in the transaction. 1,600 s/f retail space at Hershey Square Shopping Center, 1130 Mae St., Derry Twp. Lets Talk Mobile, LLC dba Xfinity Mobile leased the space from Hershey Square
10-11B
Jeff Herr
Jeffrey Herr
PENNSYLVANIA
13-BCB
GRACE, CCIM, SIOR ACQUIRES LANDMARK COMMERCIAL REALTY
Brad Rohrbaugh
Chad Stine
2014, LP. Shaffer, Abe Khan , Rohrbaugh, and Stine of Ben- nett Williams Commercial represented the landlord in the transaction. 2,100 s/f industrial building at 1150 Kreutz Creek Rd., Hellam Twp. Traffic Manage - ment, Inc. leased the space fromDenniston Associates JV. Keith Kahlbaugh and Chris Seitz of Bennett Williams Commercial represented both the tenant and the landlord in
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