Lyndhurst, N.J. (PRWEB) December 7, 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 Veterans Square Town Center, a 113,348-square-foot retail center located in Lyndhurst, N.J. from Railroad Junction Associates, LLC. The acquisition was made on behalf of Hampshire Partners Fund VII, Hampshire's recently launched $350 million institutional real estate investment fund.
Situated on 12.31 acres, the retail center is fully leased and includes tenants such as Shop Rite Supermarket, Washington Mutual Bank, Staples, Blockbuster, GNC and Supercuts. The property also offers Hampshire the opportunity to build an additional 16,300 square feet of retail space.
"Veterans Square was an excellent opportunity for us to enhance our retail portfolio," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Strategically positioned within Bergen County, this multi-tenant retail center will offer our investors additional revenue opportunities."
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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