LaSalle Investment Management and Camber Real Estate Partners Acquire 270,000-Square-Foot Long Island Industrial Portfolio
LaSalle Investment Management and Camber Real Estate Partners have formed a joint venture to acquire a three-property infill industrial portfolio totaling more than 270,000 square feet on Long Island, the firms announced Sept. 2. The off-market transaction encompasses fully leased assets spread across the JFK Airport submarket and South Shore/Suffolk County, anchored by two investment-grade tenants representing the global logistics and national defense sectors.
Portfolio Composition and Property Details
The portfolio comprises three buildings across two Long Island submarkets. In the JFK Airport submarket, a roughly 46,000-square-foot facility features 32 loading docks, two drive-in doors, loading positions on three sides of the building, and 16-foot clear heights. The property serves as a critical staging facility for inbound air freight and ground distribution serving New York City and Long Island.
The remaining two buildings are located in the South Shore/Suffolk County submarket. The first spans 100,230 square feet and is equipped with a combination of drive-in and tailgate docks, 20.5-foot clear heights, and ample parking. The second building totals 124,500 square feet, offers similar loading functionality, and features 28-foot clear heights with generous parking. All three assets were 100% leased at the time of acquisition.
The portfolio offers direct access to major transportation infrastructure, including the Long Island Expressway and Southern State Parkway, as well as proximity to John F. Kennedy International and LaGuardia airports. The surrounding trade area encompasses more than 11 million people across New York City's five boroughs and Long Island.
Transaction Structure and Investment Rationale
LaSalle Investment Management and Camber Real Estate Partners structured the acquisition as a joint venture, with the JLL Capital Markets Investment Sales team orchestrating the off-market sale. The team was led by Managing Director Tyler Peck and Senior Managing Directors Andrew Scandalios and John Huguenard.
LaSalle characterized the purchase price as below replacement cost. The investment strategy is classified as value-add, with the joint venture's business plan targeting value creation over time against a backdrop of minimal new supply.
"This acquisition fits our strategy of targeting highly infill industrial assets in supply-constrained markets with strong fundamentals," said Jeff Shuster, president of LaSalle Value Partners. "This is a unique opportunity to acquire a high-quality industrial portfolio in Long Island benefiting from high barriers to entry, minimal new supply and proximity to one of the nation's densest consumer populations. We are acquiring the portfolio at an attractive basis below replacement cost with strong investment grade tenancy, and we see meaningful opportunity for value creation as we execute our business plan alongside Camber."
"The portfolio provides a rare balance of credit-backed income stability and long-term asset strength," said Christopher Bellapianta of Camber Real Estate Partners. "Its functional layout and prime infill locations position the portfolio to perform exceptionally well over time within a highly supply-constrained market."
Market Context: Long Island's Infill Industrial Corridor
Long Island is characterized as one of the nation's most competitive and supply-constrained logistics corridors, with high barriers to entry, minimal new supply, and proximity to one of the country's largest and most affluent consumer populations. The combination of airport-adjacent logistics infrastructure near JFK and LaGuardia and a dense population base in Nassau and Suffolk counties has made the market attractive to logistics-oriented tenants.
The shallow-bay, functional-loading product type represented in this portfolio aligns with Camber Real Estate Partners' broader East Coast strategy. The New Jersey-based firm focuses on repositioning and developing infill light industrial properties in high-barrier-to-entry markets and currently owns and operates a 6 million-square-foot portfolio across select East Coast markets.
LaSalle Investment Management, a subsidiary of JLL, manages $86.6 billion of assets in private and public real estate equity and debt investments globally as of the first quarter of 2026.
About the Firms
LaSalle Investment Management is a globally integrated real estate investment manager whose client base includes public and private pension funds, insurance companies, governments, corporations, endowments, and private individuals. The firm sponsors separate accounts, open- and closed-end funds, public securities, and entity-level investments.
Camber Real Estate Partners is a New Jersey-based investment and development firm focused on shallow-bay infill light industrial properties across select East Coast markets. The firm operates a fully integrated platform designed to optimize cash flow and pursue value-add returns in high-barrier-to-entry submarkets.
JLL is a global commercial real estate services firm. Its Capital Markets Investment Sales team represented the transaction.
Sources
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