The Hampshire Companies Ink 155,000 Square-Foot Lease Renewal At 1515 Broad Street in Bloomfield, N.J.

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The Hampshire Companies has announced that ABB Lumus Global, Inc. has renewed their three-building 155,000-square-foot lease at 1515 Broad Street in Bloomfield, N.J.

The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced that ABB Lumus Global, Inc. has renewed their three-building 155,000-square-foot lease at 1515 Broad Street in Bloomfield, N.J. The property is a part of the Hampshire Partners Fund VI, Hampshire's $235 million institutional real estate investment fund.

The property, consisting of four buildings totaling 280,082 square feet, continues to undergo major renovations. Recent renovations include:

  •     Architectural enhancements to improve workflow between buildings
  •     new parking lot
  •     new landscaping
  •     conversion of central plant to rooftop HVAC systems
  •     roof replacements
  •     new mechanical and electrical systems
  •     restrooms to be upgraded to Class-A building standards
  •     new cafeteria
  •     improved site ingress and egress
  •     upgrade of all interior finishes
  •     new elevators
  •     new energy efficient windows and doors
  •     new fitness center

The newly renovated facilities at 1515 Broad Street currently offers approximately 113,000 square feet of availability. Jeff Heller and Bill McCaffrey of CB Richard Ellis are the exclusive leasing agents for the property.

"We are glad to continue our relationship with a prestigious industry leader such as ABB Lummus Global Inc. at our 1515 Broad Street property," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Upon completion of the renovations, 1515 Broad Street will be one of the premier headquarter quality office campuses in Essex County."

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-added fund is on industrial, retail and suburban office products 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.

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