Maple Shade, N.J. – February 19, 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 disposition of a 66,750-square-foot retail building located at 590 Route 38 East in Maple Shade, N.J. The sale 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.
Located on over 10 acres, the two-story single tenant building is currently home to Mealy’s Furniture, a family-operated business that serves Southeastern Pennsylvania and Southern New Jersey.
“Hampshire was able to negotiate a five-year lease deal with Mealy’s Furniture prior to the transaction allowing us to optimize the property’s value prior to the disposition,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “This transaction is reflective of our ability to rapidly make strategic decisions for our investors.”
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, and office products as well as an investor in other real estate funds.
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.
