LaSalle Investment Management and Camber Real Estate Partners Acquire Three-Property Industrial Portfolio on Long Island

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 across two submarkets — the JFK Airport corridor and South Shore/Suffolk County — and is anchored by two investment-grade tenants representing the global logistics and national defense sectors.

Portfolio Overview and Asset Profile

The three-building portfolio is 100% leased at closing and spans two strategically positioned Long Island submarkets. In South Shore/Suffolk County, the portfolio includes two separate industrial buildings of 100,230 square feet and 124,500 square feet, respectively. The smaller of the two features a combination of drive-in and tailgate docks, 20.5-foot clear heights and ample parking. The larger building offers similar functional loading, 28-foot clear heights and generous parking.

The third asset, located in the JFK Airport submarket, totals nearly 46,000 square feet and features 32 loading docks, two drive-in doors and loading positions on three sides of the building. With 16-foot clear heights and what the firms describe as tremendous parking for the market, the facility functions as a critical staging point for inbound air freight and ground distribution across New York City and Long Island.

All three buildings offer direct access to the Long Island Expressway and Southern State Parkway, with proximity to both 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.

Investment Rationale

"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."

Christopher Bellapianta of Camber Real Estate Partners echoed that view. "The portfolio provides a rare balance of credit-backed income stability and long-term asset strength," Bellapianta said. "Its functional layout and prime infill locations position the portfolio to perform exceptionally well over time within a highly supply-constrained market."

Camber Real Estate Partners, based in New Jersey, focuses on repositioning and developing infill light industrial properties in high-barrier-to-entry East Coast markets. The firm currently owns and operates a 6 million square foot portfolio of shallow-bay industrial product with flexible layouts and functional loading.

Brokerage and Transaction Structure

The off-market sale was arranged by a JLL Capital Markets Investment Sales team led by Managing Director Tyler Peck and Senior Managing Directors Andrew Scandalios and John Huguenard.

The transaction was structured as a joint venture between LaSalle Investment Management, a subsidiary of JLL that manages $86.6 billion in real estate assets globally as of the first quarter of 2026, and Camber, which serves as the operating partner. The deal is classified as a value-add investment strategy.

Market Context

Long Island's industrial market is characterized by limited developable land, high barriers to new supply and strong demand driven by the region's dense consumer base. The JFK Airport submarket serves as a key node for last-mile and air freight distribution given its proximity to one of the nation's busiest cargo airports. The South Shore/Suffolk County corridor provides additional reach into Long Island's suburban population centers.

The portfolio's 100% occupancy at closing, combined with investment-grade tenancy in logistics and defense, reflects the type of credit-backed income profile that institutional investors have increasingly targeted in coastal infill industrial markets where new supply remains constrained.

LaSalle Investment Management is headquartered in Chicago. Camber Real Estate Partners is based in Montclair, New Jersey.

Sources

LaSalle Investment Management — LaSalle and Camber Acquire NY Metro Infill Industrial Portfolio