South Hackensack, NJ (PRWEB) June 22, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has inked a 20,851-square-foot lease deal with More Specialized Transportation at its industrial building located at 30 Wesley Street in South Hackensack, N.J. The 248,000-square-foot building is now fully occupied. 30 Wesley Street is a part of the Hampshire Partners Fund VI portfolio, Hampshire's $235 million institutional real estate investment fund.
The building offers quality, flexible warehouse/manufacturing space with multiple tailgates, drive-in loading, and heavy power throughout. The facility also provides easy access to the New Jersey Turnpike, Garden State Parkway, and Routes 17 and 46, and I-80.
"30 Wesley Street has proven to be an excellent performer for our portfolio," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Our ability to achieve full occupancy in the building is reflective of our capabilities to accurately read the marketplace and make sound decisions on behalf of our investors."
NAI James E. Hanson represented The Hampshire Companies in the transaction.
Hampshire Partners Fund VI is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VI 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 product 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.
R&J Public Relations
TMiller @ randjpr.com