Clifton, NJ (PRWEB) September 12, 2011
The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the disposition of a 71,666-square-foot industrial facility located at 2 Peekay Drive in Clifton, NJ. The sale was made to Mountain Acquisitions, LLC.
Situated on 2.9 acres, the two-story facility is ideal for manufacturing purposes, featuring a heavy building structure, six loading docks, four drive-ins, an explosion proof room, as well as two cool rooms. Additionally, the building is equipped with a foam fire suppression system and floor drains. The property is strategically situated near major thoroughfares, including the New Jersey Turnpike, Garden State Parkway, I-80, and NJ Routes 26, 21, and 3.
“The facility has a number of unique amenities that appeal to a variety of users, which made it an attractive investment for Mountain Acquisitions, LLC,” said Robert T. Schmitt, a Principal of The Hampshire Companies. “Additionally, the building’s strategic location in a highly accessible area fully suited the buyer’s needs.”
Thomas F. Monahan and Stephen R. Sander of CBRE represented The Hampshire Companies in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. 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.