Linden, N.J. (March 10, 2008) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced the acquisition of a 116,000-square-foot industrial building located at 1050 Edwards Street in Linden, N.J. from E&M Equities Co. The acquisition was made on behalf of Hampshire Partners Fund VII, Hampshire’s $350 million institutional real estate investment fund.
Located on 4.1 acres, the property is conveniently located with easy access to Routes 1&9, the New Jersey Turnpike and the Garden State Parkway. In addition, 1050 Edwards Street offers close proximity to Port Elizabeth and Port Newark and Newark Liberty International Airport. The building also features two drive-ins and eight loading docks.
“The building’s strategic location makes it an excellent investment vehicle for our fund,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “Its proximity to the Ports and airport makes it an ideal space for a variety of industrial and warehouse tenants.”
Hal Messer of NAI James E. Hanson represented The Hampshire Companies in the transaction.
About Hampshire Partners Fund VII
Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII 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.
PR Contact:
Tiffany Miller
R&J Public Relations, LLC
908-722-5757
908-722-5776 (fax)
