Rochelle Park, N.J. (PRWEB) January 16, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, recently announced the disposition of an 80,000-square-foot office building located at 216 Route 17 North in Rochelle Park, N.J. The sale was made to RTE17 Investment, LLC 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 building is currently leased to the Bergen County Board of Social Services, who have occupied the building since 1989. Route 17 is one of the most desirable commercial and retail roads in Bergen County.
"We were able to maximize on market demands due to the credit worthiness of our tenant and the location of the building," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "This transaction is evidence of our ability to read the marketplace and make sound decisions on our investors' behalf."
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.
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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