The Hampshire Generational Fund Acquires 80,000-Square-Foot Industrial/Warehouse Building in West Caldwell, N.J.
West Caldwell, NJ – September 23, 2008 – (RealEstateRama) — The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has acquired an 80,000-square-foot industrial/warehouse building located at 2 Dedrick Place in West Caldwell, N.J. from SME Co., Inc. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors.
Situated on five acres, the property is strategically located within the West Essex Industrial Park, one of the premier industrial parks in Essex County, New Jersey. The building is fully leased to RLB Food Distributors, a leading produce and deli distributor and processor to quality food retailers. Prominent corporate neighbors to RLB within the park include Toyota, 3M, Pella Windows, and Ricoh.
“This acquisition was an excellent opportunity for us to expand our Northern New Jersey portfolio,” said Robert Schmitt, Managing Director of The Hampshire Companies. “In addition, having a strong tenant such as RLB Foods already in place made this a solid asset for our investors.”
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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