South Hackensack, NJ (PRWEB) April 27, 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 the signing of two lease deals totaling 110,155 square feet 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.
DW Direct Inc, a full service direct marketing company that specializes in custom design fulfillment, data processing, and lettershop services, has leased 90,000 square feet while New Jersey Label, a leading supplier of labels and tags, leased 20,155 square feet at this 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.
"30 Wesley continues to see high levels of leasing activity due in part to the building's proximity to all of Northern New Jersey's major highways," said Mr. Vetter. "The property also offers the flexibility to accommodate users of various sizes as seen with these most recent lease deals."
"These two leases signify our commitment to continually meet tenants' needs in an ever changing marketplace," added Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "30 Wesley continues to actively meet the demand for quality industrial space."
30 Wesley Street offers tenants quality, flexible warehouse/manufacturing space with multiple tailgates, drive-in loading, 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.
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, relocation facilitation and financing expertise. NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 300 offices spanning the globe.
For more information on NAI James E. Hanson, contact William C. Hanson, SIOR at the Company's Hackensack headquarters at 201-488-5800 or visit http://www.naihanson.com