Berlin, Conn. (PRWEB) September 16, 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 50,360-square-foot warehouse and distribution facility located at 83 White Oak Drive in Berlin, Conn. from PRT, 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 property is conveniently located in central Connecticut, approximately 10 miles southwest of Hartford. The building is currently leased by one of America's leading supplier of service vehicle accessories, AW Direct. AW Direct is a subsidiary of W.W. Grainger Inc., a leading broad-line supplier of facilities maintenance products serving businesses and institutions throughout North America.
"This acquisition is in keeping with the overall strategy of The Hampshire Companies," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "We believe that Connecticut offers a viable and vibrant real estate market for our investors. This property adds to our already substantial presence in the prestigious suburban Connecticut market."
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.