The Hampshire Companies Inks Two Lease Deals At Office Building in Saddle Brook, N.J.
The Hampshire Companies has inked two lease deals totaling 9,401 square feet at its Class-A office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook, N.J.
Saddle Brook, N.J. (PRWEB) July 3, 2008 -- The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has inked two lease deals totaling 9,401 square feet at its Class-A office building, Park 80 East, located at 160 Pehle Avenue in Saddle Brook, N.J. The 80,000-square-foot building is an asset of The Hampshire Generational Fund, one of the firm's private equity real estate investment funds tailored to high net worth investors.
Fuji Electric, a manufacturer and marketer of a wide range of products including information control systems, substations, factory automation system components, electronic devices and vending machines, has leased 6,158 square feet. HEPCO, a technical staffing organization dedicated to providing technical industries with contract personnel and permanent placement services, has leased 3,243 square feet.
Park 80 East is strategically located at the intersection of I-80 and the Garden State Parkway, and offers easy access to Routes 4, 17, 21, and 46. The building is also just minutes to Garden State Plaza and Paramus Park Mall. The highly sought-after facility features a distinctive glass façade, Italian marble foyer, on-site property management, and three hotels adjacent to two health clubs and meeting/banquet facilities. Park 80 East has undergone an extensive capital improvement program, which included upgrades on the lobby, landscaping, HVAC system, new common areas, resurfaced parking area and modernized signage.
"Hampshire has undertaken significant property improvements to make 80 Park East highly attractive to Class-A tenants," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "Securing Fuji Electric and HEPCO as tenants reinforces Hampshire's commitment to providing quality office space for premier tenants."
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The Fund caters to high net worth individual investors who are looking to diversify their investment portfolio by investing in real estate. The goal of the Fund is to invest in quality income producing assets that will appreciate over time and produce stable cash flow in order to generate quarterly distributions to our investors.
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 www.hampshireco.com.
###
|
