Burlington County acquisition aligns with firm’s strategy targeting modern well-located industrial assets
Photo Caption: Camber Real Estate Partners’ and Invesco Real Estate’s five-building industrial portfolio acquisition included 130 Mount Holly Bypass (pictured) along with 6 Berry Drive and 110, 120 and 140 Mount Holly Bypass, all in Burlington County, NJ.
Hainesport / Lumberton, N.J. [Jan. 27, 2025] – Camber Real Estate Partners (Camber), in partnership with Invesco Real Estate, the $85 billion global real estate investment business of Invesco Ltd. (NYSE: IVZ), has acquired a five-building industrial portfolio totaling 384,335 SF in Burlington County, NJ. The portfolio consists of highly functional buildings situated within the NJ Turnpike Exit 5 Exchange, one of the region’s most in-demand last-mile logistics corridors.
Originally developed by Whitesell, the portfolio properties include 6 Berry Drive in Hainesport, along with 110, 120, 130 and 140 Mount Holly Bypass in Lumberton, just 20 miles east of Philadelphia. Tenanted by a variety of industrial users, each building is part of a business-park environment offering prominent visibility and frontage. The modern warehouse spaces feature 30+ foot clear ceiling heights and proximity to major transportation hubs via the New Jersey Turnpike and I-295.
“Shallow bay industrial product is continuing to perform well, especially in last-mile locations along the Northeast Corridor,” said Chris Bellapianta, Camber managing principal. “This acquisition represents a unique opportunity to invest in a high-growth region with unparalleled accessibility, a strong labor pool and modern industrial assets that meet the evolving needs of today’s tenants. We are thrilled to partner with Invesco Real Estate on this exciting acquisition.”
In addition to its invaluable geography, Burlington County is a center for commerce, education and healthcare and is home to numerous Fortune-500 companies, colleges and universities. A high concentration of well-known health and life sciences organizations headline the area’s list of top employers.
The investment is the first under the firm’s new Director of Acquisitions Kevin Interlicchio. Interlicchio joined Camber last September and is responsible for shaping the firm’s acquisitions strategy and sourcing new investments. Prior to joining Camber, Interlicchio held the position of vice president at PGIM Real Estate, where he played an instrumental role in executing industrial transactions totaling over 42.7 million square feet.
“As a region on the rise, Burlington County has come full circle with regard to the movement of goods,” said Darren Xu, director, Invesco Real Estate. “While the area had once been the center of all things manufacturing and shipping in the 19th Century, it has now cast itself as a critically important last-mile logistics hub. This is due in large part to the recent widening of the NJ Turnpike between Exits 6 and 9, rendering it the nexus of the New Jersey and Pennsylvania Turnpikes.”
According to Interlicchio, Camber’s latest acquisition aligns with its value-add investment strategy of middle-market infill light-industrial assets in select East Coast markets. “By targeting these types of opportunities, Camber is generating durable cash flow for its investors while realizing the intrinsic value of the assets through a repositioning strategy,” he said.
Michael Hines, Joe Hill and Brad Ruppel of CBRE National Partners represented the seller in the transaction.
Based in Montclair, N.J., Camber Real Estate Partners is a privately held real estate investment firm specializing in the acquisition, development and management of light industrial properties. With a focus on delivering value through strategic value-add acquisitions, development and asset management, Camber is driven to provide flexible, high-quality industrial spaces that meet the evolving needs of today’s tenants and investors alike. By leveraging decades of industry expertise and a hands-on approach, Camber delivers optimized returns while fostering long-term growth for its portfolio.
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About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed USD $1.8 trillion in assets on behalf of clients worldwide as of December 31, 2024. For more information, visit www.invesco.com/corporate.
About Invesco Real Estate
Invesco Real Estate is a global real estate investment management business with $85 billion in real estate assets under management, 607 employees and 21 regional offices across the U.S., Europe and Asia as of June 30, 2024. Invesco Real Estate invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.