Watertown, NY (PRWEB) January 19, 2007
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, recently announced the disposition of an industrial building located at 22530 Fisher Road in Watertown, NY to Tahcor Realty, Inc. The sale 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.
Situated on 1.2 acres, the 15,000-square-foot building offers easy access to Interstate 81. The building is fully leased to Federal Express.
"Through maintaining a fully leased building and extending Federal Express' lease, we were able to maximize the return to our investors. This disposition is evidence of our commitment to making opportunistically profitable real estate transactions on our investors' behalf," said Norman A. Feinstein, Executive Managing Director 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.