Northvale, NJ (PRWEB) May 29, 2012
The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at more than $2.5 billion, has announced the sale of a 85,000-square-foot industrial/flex facility located at 10 Fairway Court in Northvale, N.J. The sale was made to Fillo Foods, a rapidly growing producer of convenient gourmet, organic and natural foods.
“Fillo Foods had previously entered into a lease for the entire building, which included an option to purchase the property,” said Michael Harrington, an investment manager for The Hampshire Companies. “Fillo has commenced a plan to renovate the building in order to meet their own custom standards, and by exercising their option to purchase the property they can further benefit from their investment.”
Located in the Northvale Industrial Park, on four and a half acres in the heart of one of Bergen County’s prime commercial locations, 10 Fairway Court offers direct access to the Garden State Parkway and is within close proximity to 9W, the Palisades Interstate Parkway, I-287, and Manhattan via the Tappan Zee or George Washington Bridges.
Kenneth D. Lundberg, SIOR of NAI James E. Hanson represented The Hampshire Companies in the transaction. Fillo Foods was represented by Mitch Helfman of MRH Real Estate.
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.