Cheshire, CT (PRWEB) November 16, 2005
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1 billion, recently hosted an open house at its ConnCentral Commerce Park to unveil its newly-renovated and improved office, warehouse and manufacturing space. The event was designed to showcase solutions for businesses that require flexible office space that is seamlessly adjacent to modern distribution and warehouse space in one of Connecticut’s premier distribution locations.
Attended by over 35 brokers, the event offered a first-look at the many major upgrades that have begun at the property in the year that Hampshire has owned the 4-builiding complex.
“Hampshire has undertaken significant property improvements and implemented a market repositioning of this property to make it highly attractive to companies in the Central Connecticut marketplace that require warehousing and distribution as well as corporate or regional sales office-type space,” notes Deborah Haller, Asset Manager for Hampshire Partners Fund VI, a private equity investment fund that owns the property.
Haller noted that these improvements include:
- Upgraded, re-designed and re-decorated lobbies in each building
- Re-facing of the interiors of elevator cabs
- Re-configuration and remodeling of office common areas
- Re-surfaced parking lot
- Extensive landscaping
- New functional and aesthetically-pleasing signage
- Upgraded HVAC and other building systems
In line with the major facility upgrades, the property, which was previously named Cheshire Commerce Park, has been renamed ConnCentral Commerce Park to reflect its ideal location in Central Connecticut.
ConnCentral Commerce Park, located at 611-617 West Johnson Avenue, is a 220,000 square foot flex mixed-use complex that consists of four separate buildings on approximately 19 acres. The property is an ideal distribution location, with superior access to Interstates 691, 84, and 91. Hampshire acquired the property in October 2004 and promptly undertook efforts for major site upgrades and property renovations. Current tenants include Tropicana, REM Chemical, RIS Paper, and Sobon & Associates.
“The Hampshire Companies recognized a market need for office space that also allows for warehousing and manufacturing under one roof, and promptly undertook plans to provide this space in the highly desirable suburban Connecticut market,” noted Norman A. Feinstein, Executive Vice President of The Hampshire Companies. “This event allowed The Hampshire Companies to demonstrate our ability to attract high-quality tenants and to present a solution for the growing business challenges for firms with multiple needs while also providing maximum return for our investors.”
Hampshire Partners Fund VI is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VI is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office product located in the growth corridors of the Northeast and Mid-Atlantic. The Fund is currently very active in seeking additional acquisitions throughout its targeted markets.
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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