Danbury, Conn. (PRWEB) August 8, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at more than $2 billion, has acquired a 42,500-square-foot office building located at 55 Old Ridgebury Road in Danbury, Conn., from Sunbelt Management Company. 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.
The building is fully leased under a long-term agreement with Praxair, Inc. one of the world's largest industrial gas companies that produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.
"This acquisition was a great opportunity to geographically and demographically expand our portfolio in Connecticut," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "With a long-term lease agreement in place we are confident that this acquisition will prove to be an excellent investment for our investors."
Grubb & Ellis represented Hampshire in the transaction.
About The Hampshire Generational Fund
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.
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