Fair Lawn, NJ (PRWEB) March 14, 2007
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced two lease deals at its office/flex/warehouse property located at 18-01 Pollitt Drive in Fair Lawn, NJ. The 146,639-square-foot building is a part of the Hampshire Partners Fund VI portfolio, Hampshire's $235 million institutional real estate investment fund.
Rehabilitation Specialists, a provider of community-based neuro rehabilitation for individuals with brain injury or neurological impairment, has leased 10,000 square feet at the highly flexible building. Bergen-Passaic Cataract Surgery and Laser Center Inc., a premier ambulatory surgical facility, has also leased 10,800 square feet adding to the recent activity at the strategically positioned industrial park.
NAI James E. Hanson's Sales Associates Jeffrey W. DeMagistris and Thomas A. Vetter represented The Hampshire Companies in the transactions. Fred Fisher of F. Fisher & Company, LLC represented Rehabilitation Specialists and Mike Maroon of The Acclaim Group represented Bergen-Passaic Cataract Surgery and Laser Center Inc. in the transactions.
"18-01 Pollitt's diversity of space makes it an ideal location for both Rehabilitation Specialists and Bergen-Passaic Cataract Surgery and Laser Center," said Mr. DeMagistris. "The building's flexibility and location will prove to be an asset for both companies."
With approximately 104,000 square feet of available space, 18-01 Pollitt Drive is superbly located in a prominent industrial park on over nine acres in the strategically-situated Bergen County community of Fair Lawn. Situated just off of NJ Route 208, the building offers quick access to Interstate 287, a major north/south thoroughfare that connects with the New York State Thruway. The building also features easy access to the Garden State Parkway and the New Jersey Turnpike.
"This property fits both Rehabilitation Specialists and Bergen-Passaic Cataract Surgery and Laser Center's individual needs within a strategic business location in one of the most desirable areas of Northern New Jersey," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "These two lease deals signify The Hampshire Companies' commitment in presenting innovative solutions that meet the growing business challenges and needs of companies requiring flexible business space in this marketplace."
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.
About the Hampshire Companies
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.
About Rehabilitation Specialists
Rehabilitation Specialists, established in 1983, provides community-based neuro rehabilitation for individuals with a brain injury or neurological impairment. Individualized community re-entry programming enables clients to achieve success in activities of daily
living, work, school, with the goal of leading fuller lives in the communities in which they live.
About Bergen-Passaic Cataract Surgery and Laser Center, Inc.
Bergen-Passaic Cataract Surgery and Laser Center, Inc is a premier ambulatory surgical facility dedicated to providing quality ophthalmic care in a comfortable patient friendly atmosphere. Since its inception in 1988 Bergen-Passaic has been a steadfast member of the ophthalmological society and has been designated a "Best Performer" by the Accreditation Association for Ambulatory Health Care (AAAHC).