(PRWEB) July 12, 2005
The Hampshire Companies, a private real estate fund manager, has announced the acquisition of a 120,000 square foot laboratory/office building at 329 Wycoffs Mill Road in East Windsor, New Jersey. The building sits on approximately 30 acres, and is fully leased to Elementis Specialties, Inc. The acquisition was made on behalf of Hampshire Generational Fund.
The property is conveniently located off of Exit 8 on the New Jersey Turnpike, providing superior accessibility in a prime location, just off Route 33. The 30-acre site also includes development potential on ten acres, which may include office, flex or laboratory space.
"The Exit 8 market is one of the hottest, most desirable real estate markets in the state,Â said William A. Scully, Executive Vice President of The Hampshire Companies. ÂWe are delighted with this acquisition due to the long-term lease to a stable tenant and because it provides us the flexibility to further develop the property and to generate additional value for our investors.Â
Elementis, plc is a specialty chemicals company comprising four separate businesses. Each business - Specialties, Pigments, Chromium and Specialty Rubber - holds a leading market position in its chosen sectors. Elementis employs more than 2,000 people at over 40 sites in Europe, Asia Pacific, North America and Africa.
Elementis, plc is listed on the London Stock Exchange and has its global headquarters in Staines, UK.
Hampshire Generational Fund, LLC, is a commingled, discretionary value-added 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 product as well as an investor in other real estate funds.
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 http://www.hampshireco.com.
R&J Public Relations