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Marcus Partners has acquired a 1.2 million-square-foot, 25-building light industrial asset collection on 97 acres in Southern New Jersey and Bucks County in Pennsylvania.

Collectively known as Crossings Light Industrial Portfolio, the properties are 95 percent leased to 79 national, local, public and private companies. The portfolio comprises highly functional shallow bay industrial products in supply-constrained infill locations in the Greater Philadelphia market.

“We are believers in light industrial assets in metro-centric locations given their intrinsic attributes: typically, a diverse tenant mix catering to a wide variety of businesses (i.e., light manufacturing, consumer-orientated, etc.), users that are renters by necessity and built-in inflation protection with shorter-term leases in some cases,” Bill McAvoy, principal of Marcus Partners, told Commercial Property Executive.