Lodi, N.J. (PRWEB) December 2, 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 72,000-square-foot manufacturing/warehouse building located at 39 Robinson Road in Lodi, N.J. from CJPR Realty Partnership. The acquisition was made on behalf of Hampshire Partners Fund VII, Hampshire's recently launched $350 million institutional real estate investment fund.
This building was acquired from the owner/operator and is fully leased to Blickman, Inc., a stainless-steel manufacturer for hospital operating-room equipment. The property is strategically located with close proximity to I-80 and local access to Routes 17 and 46.
"Maintaining a strong tenant upon acquisition of the building provided an excellent opportunity for our investors," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "This strategic investment will strengthen our presence and growth in the Northern New Jersey marketplace."
About Hampshire Partners Fund VII
Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII 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 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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