Baltimore, MD (PRWEB) September 24, 2009
The Hampshire Companies, a full-service, private real estate investment fund manager with equity in assets valued at more than $2 billion, in a joint venture with MCB Real Estate, have announced the acquisition of a 45,000-square-foot retail center located at 901 North Caroline Street in Baltimore, Md., from Steuver Bros. Eccles & Rouse. Hampshire's investment 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.
Ideally located in close proximity to Johns Hopkins Hospital's East Baltimore Medical Campus, the property features 20,000 square feet of available space ideal for a grocery store or alternative anchor. Hampshire and MCB Real Estate are undertaking steps to reposition the property and restore it as a thriving retail center that will benefit the surrounding community with in-demand amenities and convenience.
"Our vision to make the Church Square Shopping Center an asset to the community is shared with MCB Real Estate, making this an ideal partnership," said Robert Schmitt, a Principal of The Hampshire Companies. "In addition, we are confident that the area's high density population and history of strong occupancy rates will add to the success of our investment."
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.
About MCB Real Estate
MCB is a Baltimore-based investment platform dedicated to the execution of value-add, opportunistic (off-market) and development strategies in the commercial real estate markets. Led by an experienced team of professionals with backgrounds in acquisitions, development, private equity, structured finance, workouts, management, operations, and law, MCB selects investment opportunities in industrial, retail and Class B office sectors with a focus on east coast U.S. markets.
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