Milford, CT (PRWEB) January 5, 2009
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, in a joint venture with Stonemar Properties has announced the acquisition of an 180,051-square-foot shopping center located at 143 - 211 Cherry Street at Milford Plaza in Milford, Conn. from Heyman Properties. 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, and Stonemar Properties, a Long Island based real estate firm that specializes in retail properties.
Situated on 16 acres, the property is home to anchor tenants, Shop Rite and Bob's Store. Featuring ample parking and easily accessible loading areas, Milford Plaza is ideally located in a densely populated area within New Haven County just off I-95, offering convenient entrances to the plaza.
"This acquisition was an excellent opportunity for us to expand our retail portfolio in Connecticut," said Robert Schmitt, Managing Director of The Hampshire Companies. "With a stable tenant base already in place at the property and the opportunity to expand the site, Milford Plaza will be a strong performer for our Fund and our investors."
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 http://www.hampshireco.com.