The Hampshire Partners Fund VI Acquires Landmark Royal Bank of Scotland Building in Bridgeport, CT

Bridgewater, NJ (PRWEB) October 11, 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 Royal Bank of Scotland building, an 11-story, 214,444 square foot Class-A office building at 1000 Lafayette Boulevard in Bridgeport, CT. The acquisition, valued at approximately $22,500,000, was made on behalf of Hampshire’s institutional investment fund, Hampshire Partners Fund VI. The seller was R.D. Scinto, Inc.

The Royal Bank of Scotland building is a landmark property in downtown Bridgeport, and a key parcel in Bridgeport’s downtown renaissance. This distinctive white limestone and blue reflective glass building stands out both architecturally and visually, and is one of the most recognizable buildings in the downtown area. Located at the intersection of Lafayette Boulevard and State Street, this property is strategically and conveniently located just off of Interstate 95 with easy access to both Routes 1 and 8. The property is fully leased, with Royal Bank of Scotland as the primary tenant.

The Royal Bank of Scotland office building also features an attached 7-story parking garage. The property sits on approximately 1.5 acres. Royal Bank of Scotland’s current lease runs through 2010.

“We are very bullish on the City of Bridgeport, and believe that the city has a tremendous future and upside as a business location,” said Norman A. Feinstein, Executive Vice President of The Hampshire Companies. “This particular investment is one of the flagship properties of the downtown area, and it is a particularly attractive corporate location, as evidenced by the high quality tenants it has historically attracted. We look forward to being an important part of the re-birth of the city, and to growing our portfolio in Bridgeport.”

The seller was represented in the transaction by Jeff Dunne, Vice Chairman, and Stephen Bardsley, First Vice President, both from the CB Richard Ellis New York Tri-State Investment Team.

“The goal of Hampshire Partners Fund VI is to deliver superior, above-market returns to its investors through the acquisition, repositioning and operation of investment-grade properties,” notes Feinstein. “Our investment focus is in the growth corridors of the Northeast and Mid-Atlantic. The Fund is currently very active in seeking additional acquisitions throughout its targeted markets, but particularly in the Bridgeport, Connecticut market.”

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.

Media Contact:

Jason Ledder

R&J Public Relations, LLC

(908) 722-5757

Jledder@RandJpr.com

# # #