Hackensack, NJ (PRWEB) May 24, 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 25,000-square-foot multi-tenant industrial building located at 59 Oak Street in Hackensack, N.J. The sale was made to a local private investor.
Fully leased to five industrial users, the property enables immediate access to Route 4 and the Bergen County business community. Additionally, its close proximity to the George Washington Bridge provides tenants with both a New Jersey and New York presence.
“The building’s location within Central Bergen County with immediate access to Route 4 has made this a strategic location for small bay users in the market,” said Michael Harrington, an investment manager for The Hampshire Companies. “The buyer of this property will benefit from the in place tenancy as well as the ability to utilize future available space for their various business interests.”
Tom Vetter and Jeff DeMagistris of NAI James E. Hanson represented Hampshire and the buyer in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate 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.