The Hampshire Companies Inks Two Lease Deals At Office Building in Saddle Brook, N.J.
Saddle Brook, N.J. – February 3, 2009 – (RealEstateRama) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has inked two lease deals at its Class-A office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook, N.J. The 80,000-square-foot building is an asset of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors.
The Solomon Page Group, LLC, an executive search firm specializing in executive recruiting and management recruiting for professional careers, has leased 2,458 square feet on the first floor. Semprae Laboratories, Inc., a developer and manufacturer of over the counter women’s health products has taken 2,708 square feet on the third floor.
Park 80 East is strategically located at the intersection of I-80 and the Garden State Parkway, and offers easy access to Routes 4, 17, 21, and 46. The building is also just minutes to Garden State Plaza and Paramus Park Mall. This recently updated facility features a distinctive jewel box entrance, Italian marble foyer and newly renovated common corridors and restrooms. Three hotels provide health clubs and meeting/banquet facilities nearby. Park 80 East has undergone an extensive capital improvement program, which included upgrades on the lobby, landscaping, HVAC system, new common areas, resurfaced parking area and modernized signage.
“Hampshire has undertaken significant property improvements to make 80 Park East highly attractive to Class-A tenants,” said Robert Schmitt, Principal of The Hampshire Companies. “Securing The Solomon Page Group and Semprae Laboratories as tenants reinforce Hampshire’s commitment to providing quality office space for premier tenants.”
Bill McCafferty and Gregg Baillie of CB Richard Ellis are the exclusive leasing agents for the property.
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The Fund caters to high net worth individual investors who are looking to diversify their investment portfolio by investing in real estate. The goal of the Fund is to invest in quality income producing assets that will appreciate over time and produce stable cash flow in order to generate quarterly distributions to our investors.
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.
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