Morristown, NJ (PRWEB) June 2, 2006
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, announced today the acquisition of a 290,000 square foot specialized manufacturing building on 13 acres at 3810 Pleasant Valley Road, Attalla, Alabama. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors.
The facility is located in Etowah County in the northeastern section of the state and is in proximity to Interstate 59 between Birmingham, AL and Chattanooga, TN. The property is a specialized manufacturing facility, 250,000 square feet of which is occupied by Crown Column and Millwork Co, LLC, an existing tenant who has entered into a long-term lease renewal with Hampshire. The balance of the property, approximately 40,000 square feet, is available for lease.
The 3810 Pleasant Valley Road property was purchased from Gerber Plumbing Fixtures, LLC., who was represented by Tom Paro of Southpace Properties.
“The acquisition of 3810 Pleasant Valley Road fits nicely with the Hampshire strategy of owning, managing and leasing quality properties that are well located and which offer significant cash flow for our investors,” said Norman A. Feinstein, Executive Vice President of the Hampshire Companies.
The Hampshire Generational Fund, LLC, is a commingled, discretionary 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.
# # #