South Hackensack, NJ (PRWEB) April 5, 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 industrial building located at 30 Wesley Street in South Hackensack, NJ. The 248,000-square-foot building is a part of the Hampshire Partners Fund VI portfolio, Hampshire's $235 million institutional real estate investment fund.
European Stone Art, a cast stone manufacturer, has leased 27,093 square feet while Wicker Warehouse, a provider of imported wicker furniture, leased 15,000 square feet at the highly desirable location. NAI James E. Hanson's Associate Vice Presidents Jeffrey W. DeMagistris and Thomas A. Vetter and Sales Associates Craig A. Levitan and John B. Aires represented The Hampshire Companies in both transactions.
"While demand to purchase properties is still very high, 30 Wesley's proximity to all of Northern New Jersey's major highways gives the property a strong advantage over other for-lease properties in less prime locations," says Mr. Vetter. "Additionally, 30 Wesley offers the flexibility to accommodate users of many sizes."
"The Hampshire Companies remains committed to providing tenants with quality space that will allow them to grow their businesses," added Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "These two leases signify our commitment to continually meet tenants' needs in an ever changing marketplace."
30 Wesley Street offers tenants quality, flexible warehouse/manufacturing space with 11 tailgates and heavy power throughout. The facility provides easy access to the New Jersey Turnpike, Garden State Parkway, and Routes 17 and 46, and I-80.
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.