Linden, N.J. (PRWEB) October 25, 2008
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, showcased the newly renovated 116,000-square-foot industrial building located at 1050 Edward Street in Linden, N.J. at a luncheon on October 2, 2008. The event drew more than 50 of New Jersey's leading industrial brokers who toured the upgraded facility.
Located on 4.1 acres, the property is conveniently located with easy access to Routes 1&9, the New Jersey Turnpike and the Garden State Parkway. In addition, 1050 Edward Street offers close proximity to Port Elizabeth and Port Newark and Newark Liberty International Airport. The building also features two drive-ins and eight loading docks with onsite trailer parking and additional trailer parking available.
"Hampshire recently completed extensive interior and exterior renovations to the property," said Kim Stirba-Reynolds, an Investment Manager for Hampshire Partners Fund VII. "Its proximity to the Ports and airport makes it an ideal space for a variety of industrial and warehouse tenants. With the renovations complete and the building's great location we've seen a lot of interest in the space."
Thomas Monahan, Andrew Houston, and Robert Casagrande of Colliers Houston & Co. are the exclusive leasing agents for the property.
1050 Edward Street currently offers full availability for warehouse, light assembly and distribution tenants. The building is a part of Hampshire Partners Fund VII, Hampshire's $350 million institutional real estate investment fund.
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.