Clifton, N.J. – December 31, 2007 – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, together with Tulfra Real Estate announce the acquisition of a 69,000-square-foot industrial building located at One Entin Road in Clifton, N.J. Hampshire’s interest was made on behalf of Hampshire Partners Fund VI, Hampshire’s $235 million institutional real estate investment fund.
The building features eight multi-tenant industrial condos ranging in size from 5,000 square feet to 25,000 square feet. One Entin Road is conveniently located near Routes 3, 21, and 17. The building features three drive-in bays, 18′ ceilings, 11 tailboards with levelers and a new roof.
“It is with great pleasure that we continue our joint venture relationship with Tulfra Real Estate,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “We are confident that this acquisition will prove to be a strategic and profitable investment as well as offer great opportunities for potential tenants and users.”
About Hampshire Partners Fund VI
Hampshire Partners Fund VI is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VI is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office products located in the growth corridors of the Northeast and Mid-Atlantic.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com.
