Kingston, N.Y. (PRWEB) June 1, 2008
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 development of an 8,400-square-foot single tenant, free-standing retail building located at 539 Albany Avenue in Kingston, N.Y. The property is being developed on behalf of Hampshire Partners Fund VII, Hampshire's $350 million institutional real estate investment fund.
Hampshire has secured a long-term lease with Quick Check Corporation upon completion. The building will feature excellent visibility and signage and is being developed in a high traffic area that offers easy access to the site.
"This was an excellent opportunity for us to expand our retail portfolio in a highly desirable area," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Our ability to secure a high-caliber tenant such as Quick Check while still in the development phase is a testament to our ability to deliver sound real estate investments."
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.