(PRWEB) July 28, 2005
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1 billion, today announced the acquisition of the Park 80 East Office Building, strategically situated at the juncture of Interstate 80 and the Garden State Parkway in Saddle Brook, New Jersey. The acquisition was made on behalf of The Hampshire Generational Fund, LLC.
Park 80 East is an 83,049 square foot multi-tenanted office building and one of the most visible office properties in Northern New Jersey. The building sits on approximately 4.3 acres in a major Bergen County sub-market. Major tenants at closing included Sealed Air Corporation, Liberty Mutual Insurance Company, and the United States Government Services Administration (GSA).
"This is a premier acquisition," commented William A. Scully, Executive Vice President of The Hampshire Companies.
The 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 an 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
# # #