(PRWEB) August 8, 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 disposition of a 301,626 square foot retail building at 571 Jersey Avenue in New Brunswick, NJ. The sale was valued at approximately $16.8 million.
This property, fully-leased to C&S Wholesale Grocers, sits on 18.4 acres within close proximity of Exit 9 on the New Jersey Turnpike. Hampshire had recently negotiated a long-term lease renewal with C&S Wholesale Grocers, the eighth largest privately-held company in the United States. This modern, single-story 24-foot clear ceiling height building is used by C&S as a regional distribution hub.
Both Hampshire and the buyer were represented by the CB Richard Ellis New York Tri-State investment team of Jeffrey Dunne, Steven Bardsley and Jeffrey Oram.
The Hampshire Companies operates through commingled, discretionary real estate investment funds. The funds are value-added, investment vehicles targeting industrial, retail and office properties located in the Mid-Atlantic and Northeast regions of the United States. The goal of each of the Funds is to deliver superior, above-market returns to its investors through the acquisition, repositioning and management of investment-grade properties.
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.
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