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The Hampshire Generational Fund Acquires Industrial/Warehouse Building in Norwich, Conn. The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired a 76,657-square-foot industrial/warehouse building located at One Winnenden Road in Norwich, Conn. from the Engine Services Division of General Electric. 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. Norwich, Conn. (PRWEB) April 24, 2008 -- The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired a 76,657-square-foot industrial/warehouse building located at One Winnenden Road in Norwich, Conn. from the Engine Services Division of General Electric. 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 over 13 acres, the building also contains 15,000 square feet of office space as well as manufacturing and warehouse space. It is fully leased to Gunther International, Ltd., which designs, manufacturers and services high speed production mailing systems. The building boasts 24' ceilings, three loading docks, ample parking and three drive-in doors.
"This acquisition was an excellent opportunity for us to expand our Connecticut portfolio," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Hampshire continues to be bullish on the long-term value in Connecticut's commercial real estate market. We will continue to actively seek superior properties in desirable locations for our Fund portfolio."
Daniel G. Barber of Northeast Property Group, Inc. and Nick Morizio, President of Colliers, Dow & Condon represented Hampshire in the transaction.
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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