CHAMBERS STREET ACQUIRES CLASS A INDUSTRIAL FACILITY

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BELCAMP, MD. — Chambers Street Properties, a self-administered Maryland real estate investment trust, has acquired Gateway at Riverside, an 800,797-square-foot distribution facility in Belcamp. The purchase includes an adjacent 15-acre land parcel with the potential of expanding the facility by up to 400,000 square feet. Gateway at Riverside was built in 1991 and renovated in 2005. It features 30-foot clear height ceilings, 82 dock high loading doors and two outdoor trailer storage areas. The facility is fully leased to a wholly owned subsidiary of a large consumer product manufacturing company.

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