Key Takeaways
- • LaSalle Investment Management and New Jersey-based Camber Real Estate Partners formed a joint venture to acquire a three-property industrial portfolio totaling over 270,000 square feet on Long Island, New York.
- • The portfolio is 100% leased and anchored by two investment-grade tenants in the global logistics and national defense sectors.
- • The off-market sale was undisclosed in financial terms and exact property locations were not disclosed; JLL Capital Markets arranged the transaction.
- • Principals describe the purchase as below replacement cost, with value creation planned through the JV's business plan.
Summary
LaSalle Investment Management, the global real estate investment manager and a subsidiary of JLL, and Camber Real Estate Partners, a New Jersey-based investment and development firm, announced on September 2, 2026 a joint venture to acquire a three-property industrial portfolio totaling more than 270,000 square feet on Long Island, according to a PR Newswire release. The transaction was an off-market sale, and the release states that financial terms and exact property locations remain undisclosed.
The portfolio is fully leased and anchored by two investment-grade tenants representing the global logistics and national defense sectors. The assets sit in two infill submarkets. The first is a nearly 46,000-square-foot facility in the JFK Airport submarket with 32 loading docks, two drive-in doors, 16-foot clear heights and loading positions on three sides, which the release describes as a staging facility for inbound air freight and ground distribution. The second is in the South Shore/Suffolk County area, comprising two buildings of 100,230 square feet and 124,500 square feet, with clear heights of 20.5 feet and 28 feet respectively and a mix of drive-in and tailgate docks.
Jeff Shuster, president of LaSalle Value Partners, said the acquisition fits the firm's strategy of targeting highly infill industrial assets in supply-constrained markets, and that the portfolio was bought at an attractive basis below replacement cost. Camber's Christopher Bellapianta said the portfolio offers a balance of credit-backed income stability and long-term asset strength. The release cites proximity to major Long Island expressways, the Southern State Parkway and JFK and LaGuardia airports, and access to more than 11 million people across New York City and Long Island.
JLL Capital Markets Investment Sales, led by Managing Director Tyler Peck and Senior Managing Directors Andrew Scandalios and John Huguenard, orchestrated the sale. LaSalle reported $86.6 billion in global assets under management as of Q1 2026. Camber owns and operates a 6 million square foot portfolio across select East Coast markets, according to the release.
The portfolio is fully leased and anchored by two investment-grade tenants representing the global logistics and national defense sectors. The assets sit in two infill submarkets. The first is a nearly 46,000-square-foot facility in the JFK Airport submarket with 32 loading docks, two drive-in doors, 16-foot clear heights and loading positions on three sides, which the release describes as a staging facility for inbound air freight and ground distribution. The second is in the South Shore/Suffolk County area, comprising two buildings of 100,230 square feet and 124,500 square feet, with clear heights of 20.5 feet and 28 feet respectively and a mix of drive-in and tailgate docks.
Jeff Shuster, president of LaSalle Value Partners, said the acquisition fits the firm's strategy of targeting highly infill industrial assets in supply-constrained markets, and that the portfolio was bought at an attractive basis below replacement cost. Camber's Christopher Bellapianta said the portfolio offers a balance of credit-backed income stability and long-term asset strength. The release cites proximity to major Long Island expressways, the Southern State Parkway and JFK and LaGuardia airports, and access to more than 11 million people across New York City and Long Island.
JLL Capital Markets Investment Sales, led by Managing Director Tyler Peck and Senior Managing Directors Andrew Scandalios and John Huguenard, orchestrated the sale. LaSalle reported $86.6 billion in global assets under management as of Q1 2026. Camber owns and operates a 6 million square foot portfolio across select East Coast markets, according to the release.
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