Rocky Hill, CT (PRWEB) August 15, 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 acquisition of a 35,000-square-foot multi-tenant flex building located at 51 Belamose Avenue in Rocky Hill, Conn. from Belamose, LLC. 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 building is strategically situated on 4.58 acres and offers ample parking as well as four loading docks. Current tenants include Sears and Center Mark Roofing, a national roofing company.
"Over the last few years, we have acquired a significant portfolio of Class-A office and prime industrial properties throughout Connecticut," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "These properties are well located and offer considerable advantages to potential tenants, making them attractive acquisitions for our investment fund portfolio."
Robert Daglio, Senior Vice President of the Hartford, Conn. office of CB Richard Ellis, represented Hampshire and the seller in the transaction.
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 products as well as an investor in other real estate funds.
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.