Wheat Ridge, CO (PRWEB) December 19, 2007
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired 3.62 acres of land located at 11925 Frontage Road in Wheat Ridge, Colo. from Lake Front Partners. 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.
Currently, a 53,000-square-foot light industrial flex office building is under construction at the property, which is strategically located off of Interstate I-70. Upon completion, the building will offer condominium units featuring office and industrial space as well as loading dock doors and ample parking.
"We were able to acquire the last remaining parcel of land within Lakemont Center, which is already substantially built out and 90 percent leased," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Hampshire plans to sell the units to commercial business users."
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.