Key Takeaways
- • LaSalle Investment Management and Camber Real Estate Partners formed a joint venture to acquire a three-property industrial portfolio totaling over 270,000 square feet on Long Island in an off-market transaction announced September 2, 2026.
- • The portfolio is 100% leased with two investment-grade tenants representing the global logistics and national defense sectors, providing immediate income stability and credit-backed revenue.
- • The acquisition targets a supply-constrained Long Island logistics corridor characterized by high barriers to entry, minimal new supply, and proximity to one of the nation's densest consumer populations—positioning the portfolio below replacement cost.
- • Jeff Shuster, president of LaSalle Value Partners, cited the acquisition as fitting LaSalle's strategy of targeting infill industrial assets in supply-constrained markets with strong fundamentals and meaningful value creation potential through disciplined execution.
- • Financial terms and exact property locations remain undisclosed; the off-market nature of the transaction underscores the rarity of such fully leased, high-performing infill assets in the Long Island market.
Summary
LaSalle Investment Management, the global real estate investment manager based in Chicago, and Camber Real Estate Partners, a New Jersey-based firm, announced on September 2, 2026, a joint venture partnership to acquire a three-property industrial portfolio comprising over 270,000 square feet on Long Island. The off-market transaction represents a strategic acquisition of fully leased, high-performing infill industrial assets in one of the nation's most competitive and supply-constrained logistics corridors.
The portfolio's composition reflects institutional-grade characteristics essential for value preservation and income generation. All three properties are fully leased (100% occupancy), and the portfolio is anchored by two investment-grade tenants operating in the global logistics and national defense sectors. This tenant profile provides revenue stability backed by corporate credit quality and long-term operational commitment, mitigating vacancy and credit risk concerns typical of industrial real estate acquisitions.
According to Jeff Shuster, president of LaSalle Value Partners, the acquisition aligns with the firm's strategic mandate to target infill industrial assets in supply-constrained markets with strong fundamentals. Shuster emphasized that the Long Island location benefits from high barriers to entry due to limited new supply, proximity to dense consumer populations, and an acquisition price positioned below replacement cost. These factors collectively support Shuster's thesis for meaningful value creation through active management and strategic execution.
Christopher Bellapianta of Camber Real Estate emphasized the portfolio's dual appeal: "credit-backed income stability and long-term asset strength." He highlighted the functional layout and prime infill locations as positioned to deliver exceptional long-term performance within a highly supply-constrained market. Financial terms of the transaction and exact property locations remain undisclosed, consistent with off-market transaction protocols.
This acquisition reflects broader institutional investor focus on supply-constrained logistics real estate with strong tenant credit profiles and geographic proximity to consumer demand centers—a thematic preference within alternative real estate investing during periods of constrained new supply and elevated development costs.
The portfolio's composition reflects institutional-grade characteristics essential for value preservation and income generation. All three properties are fully leased (100% occupancy), and the portfolio is anchored by two investment-grade tenants operating in the global logistics and national defense sectors. This tenant profile provides revenue stability backed by corporate credit quality and long-term operational commitment, mitigating vacancy and credit risk concerns typical of industrial real estate acquisitions.
According to Jeff Shuster, president of LaSalle Value Partners, the acquisition aligns with the firm's strategic mandate to target infill industrial assets in supply-constrained markets with strong fundamentals. Shuster emphasized that the Long Island location benefits from high barriers to entry due to limited new supply, proximity to dense consumer populations, and an acquisition price positioned below replacement cost. These factors collectively support Shuster's thesis for meaningful value creation through active management and strategic execution.
Christopher Bellapianta of Camber Real Estate emphasized the portfolio's dual appeal: "credit-backed income stability and long-term asset strength." He highlighted the functional layout and prime infill locations as positioned to deliver exceptional long-term performance within a highly supply-constrained market. Financial terms of the transaction and exact property locations remain undisclosed, consistent with off-market transaction protocols.
This acquisition reflects broader institutional investor focus on supply-constrained logistics real estate with strong tenant credit profiles and geographic proximity to consumer demand centers—a thematic preference within alternative real estate investing during periods of constrained new supply and elevated development costs.
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