Fit for Physicians: As The Demand for Medical Office Space Increases Pond View Professional Park is Just What the Doctor Ordered

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New Incentives and Medical Condo Options Announced

The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at over $2 billion, with joint venture partners Pyramid Property Partners and Triad Development Company has announced new incentives and medical condo options at Pond View Professional Park located at 1101 West Main Street in Freehold, N.J. The two recently built two-story buildings total 75,000 square feet of premier medical office space, and many medical practices have already selected Pond View.

Due to recent health care reform, medical office space will be in high demand. As more Americans gain coverage, physicians will need the proper space to treat patients. To fully meet physicians' needs, Pond View Professional Park has just unveiled new pricing for its state-of-the art medical condos conveniently located less than 1/8th of a mile from CentraState Medical Center. Additionally, there are build-out improvements credits and other incentives available.

Since breaking ground in late 2007, the property has received acclaim from the surrounding medical community with its state-of-the-art construction and its immediate proximity to CentraState Medical Center. Additional amenities include ample parking with 4.25/1,000 square feet ratio, easy access to Routes 33 and 9 and close proximity to historic Freehold, County Courts and Hall of Records, Freehold Raceway Mall and Monmouth Executive Airport.

"New health care reforms are going to heighten the need for quality space as physicians adjust to patient demands. We saw an opportunity to meet the high demand for medical office ownership with this development," said Norman A. Feinstein, Executive Managing Director for the Hampshire Companies. "Through this joint venture we have set a new standard for today's medical/office facilities and offer physicians the unique opportunity to buy their own state-of-the-art office facility that allows easy access to the hospital for treating existing patients as well as connecting with new ones."

"The demand for premier medical office space throughout New Jersey continues to rise," added Steven Schultz, Managing Principal of Pyramid Property Partners. "Pond View has been proactive in meeting occupants' demands with its state-of-the-art construction and unparalleled location. The introduction of our new pricing and incentives program is a testament to our commitment to continue to meet medical practitioners' needs as the marketplace changes."

24,000 square feet currently remains available for sale at the park. Space can be divided upwards of 2,000 square feet per unit. Current list of professionals include Advanced Orthopedics & Sports Medicine Institute, Heal and Care Pediatrics, Healthy Women Obstetrics and Gynecology, Personal Medical Care NJ, Advanced Billing Strategies, and others. Harvey Schultz and Tony Georgiev of The Schultz Organization are the exclusive sales agents. More information on Pond View Professional Park can be found on the listings section of http://www.schultznet.com or by calling 732-855-0001.

About the Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm 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. Additional information on The Hampshire Companies is available online at http://www.hampshireco.com.

About Pyramid Property Partners
Pyramid Property Partners, LLC ("Pyramid") is a real estate investment company that purchases, develops and redevelops commercial and residential real estate assets located throughout the tri-state area and Florida. Pyramid's goal is to enhance the value of its assets through development, redevelopment and financial restructuring.

The trademark of the successful company is to bring to each project the following: teamwork, dedication, integrity and the focus to achieve superior results. Pyramid's team is meticulously assembled by using the best architects, engineers and contractors in the business to deliver a consistently high standard of excellence. Over the years, Pyramid has established on-going, long-term relationships with lending institutions, consultants and government officials.

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Tiffany Miller
R&J Public Relations
908-722-5757
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