Springfield, N.J. (PRWEB) October 9, 2008
The Hampshire Companies, a full-service, private real estate investment fund manager with equity in assets valued at more than $2 billion, has announced the acquisition of a 122,599-square-foot industrial building located at 21 Fadem Road in Springfield, N.J., from R.F.B. Realty Corp. Hampshire's investment was made on behalf of Hampshire Partners Fund VII, Hampshire's $350 million institutional real estate investment fund.
Conveniently located with easy access to major area highways including U.S. Route 22 and the Garden State Parkway, the building offers the opportunity to be divided into smaller units to accommodate a number of industrial and technology users including manufacturing, assembly and distribution tenants.
"The property's excellent location, along with the option to divide the space in a variety of ways for multiple uses makes this an ideal home for a wide range of tenants," said Todd Anderson, Senior Investment Manager of The Hampshire Companies. "Hampshire remains committed to providing New Jersey's industrial community with high quality, well located space."
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 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.