Nashua, N.H. (PRWEB) January 05, 2012
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 78,000-square-foot flex / manufacturing building located at 24 Simon Street in Nashua, N.H. The sale was made to B.U.L.U., LLC, a private Israeli-based investor.
Strategically situated on approximately ten and a half acres within an industrial park, the property boasts excellent signage visibility from the Everett Turnpike. The building is fully leased to Axsys Technologies, a leader in the design and manufacture of high-performance imaging and optical systems, which was recently acquired by General Dynamics Advanced Information Systems, a provider of end-to-end mission solutions in systems integration, development and operations support. The property was fully renovated into a critical use facility to meet the needs of Axsys Technologies.
“Our dedication to understanding and accommodating tenants’ specific needs led to our securing a full building, long-term tenant, making this an attractive investment opportunity for the buyer,” said Michael Harrington, an Investment Manager of The Hampshire Companies. “In addition to the stable occupancy, the property’s ideal location was a determining factor in the transaction.”
Andrew Sandquist of CB Richard Ellis Capital Markets Group 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.