{"id":451110,"date":"2021-03-04T13:33:08","date_gmt":"2021-03-04T18:33:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451110"},"modified":"2021-03-04T13:33:08","modified_gmt":"2021-03-04T18:33:08","slug":"cushman-wakefield-arranges-69-5m-financing-for-1-2-msf-industrial-portfolio-across-pa-and-southern-nj","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cushman-wakefield-arranges-69-5m-financing-for-1-2-msf-industrial-portfolio-across-pa-and-southern-nj\/","title":{"rendered":"Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ"},"content":{"rendered":"

<\/p>\n

Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ <\/b><\/p>\n

GREATER PHILADELPHIA–(BUSINESS WIRE<\/a>)–
\nCushman & Wakefield (NYSE: CWK) announced that the real estate services firm served as the exclusive advisor to Camber Real Estate Partners (\u201cCamber\u201d) in the procurement of $69.5 million for the financing of the Crossings Industrial Portfolio, a 25-building, 1.2-million-square-foot light industrial portfolio situated across Bucks County, Philadelphia and Southern New Jersey. The floating-rate financing was provided by Natixis.\n<\/p>\n

\nA Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan represented Camber.\n<\/p>\n

\n\u201cThe portfolio represents an ideal mix of functional, multi-tenanted and well-located light industrial assets in Greater Philadelphia\u2019s most sought after submarkets: Bucks County and Southern New Jersey,\u201d said Alascio. \u201cThe portfolio\u2019s strong performance throughout the COVID-19 pandemic is exemplary of the strong and diversified tenant roster, as well as the area\u2019s unprecedented tenant demand.\u201d\n<\/p>\n

\n\u201cLenders were highly attracted to the location and functionality of the assets,\u201d added Vankayala. \u201cNatixis provided favorable loan terms which will enable Camber to execute on its thoughtful business plan, optimizing the assets\u2019 ability to continue serving the region\u2019s increasing demand for high-quality light industrial space.\u201d\n<\/p>\n

\nEach asset in the Crossings Industrial Portfolio offers regional accessibility via Interstates 95 and 295 and deep labor pools to draw from throughout New Jersey and Eastern Pennsylvania.\n<\/p>\n

About Cushman & Wakefield<\/b><\/p>\n

\nCushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.\n<\/p>\n

About Camber Real Estate Partners<\/b><\/p>\n

\nCamber Real Estate Partners is a fully integrated real estate investment company specializing in the acquisition, development, and repositioning of light industrial properties in the New York Metropolitan and Greater Philadelphia Areas. The firm operates an approximately 2.5 MSF portfolio and its management team has over 35 years of experience investing in its target markets through multiple cycles. In total, the firm\u2019s management team has acquired over 9.5 MSF encompassing approximately $2.0 billion in total capitalization. To learn more, visit www.CamberREP.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210304005922\/en\/<\/a><\/span><\/p>\n

Jayden Lapin-Tatman
\n<\/b>
Senior Communications Specialist
\n<\/span>
+1 212 841 5052
\n
Jayden.LapinTatman@cushwake.com<\/span><\/a><\/p>\n

KEYWORDS:<\/b> United States North America Illinois Pennsylvania New Jersey<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Consulting Professional Services Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ GREATER PHILADELPHIA–(BUSINESS WIRE)– Cushman & Wakefield (NYSE: CWK) announced that the real estate services firm served as the exclusive advisor to Camber Real Estate Partners (\u201cCamber\u201d) in the procurement of $69.5 million for the financing of the Crossings Industrial Portfolio, a 25-building, 1.2-million-square-foot light industrial portfolio situated across Bucks County, Philadelphia and Southern New Jersey. The floating-rate financing was provided by Natixis. A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan represented Camber. \u201cThe portfolio represents an ideal mix of functional, multi-tenanted and well-located light industrial assets in Greater Philadelphia\u2019s most sought … <\/p>\n

Continue reading “Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451110","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cushman-wakefield-arranges-69-5m-financing-for-1-2-msf-industrial-portfolio-across-pa-and-southern-nj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield Arranges $69.5M Financing for 1.2-MSF Industrial Portfolio Across PA and Southern NJ GREATER PHILADELPHIA–(BUSINESS WIRE)– Cushman & Wakefield (NYSE: CWK) announced that the real estate services firm served as the exclusive advisor to Camber Real Estate Partners (\u201cCamber\u201d) in the procurement of $69.5 million for the financing of the Crossings Industrial Portfolio, a 25-building, 1.2-million-square-foot light industrial portfolio situated across Bucks County, Philadelphia and Southern New Jersey. 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