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98,000-SF Self-Storage Sells Again

BERKELEY HEIGHTS, NJ-Hampshire Partners Fund VII now owns the asset, buying it from Tuck Away Mini Storage.

By Eric Peterson | Updated on June 03, 2008

BERKELEY HEIGHTS, NJ-The 98,170-sf Berkeley Public Self Storage has a new owner, namely the Hampshire Cos.-managed Hampshire Partners Fund VII. The three-story building features more than 660 climate-controlled self-storage units with just less than 51,200 sf of rentable space.

“This facility was an ideal investment for us,” says Norman Feinsein, executive managing director of the Morristown-based Hampshire Cos. “The building’s area demographics and additional development opportunities makes this an excellent addition to our portfolio.”

This marks the second time in a month that the asset has been “sold.” As reported by GlobeSt.com in May, seller Tuck Away Mini Storage, locally based, had a deal on the table to sell the property to the New York City-based Post Storage Management LLC. That deal never cleared, paving the way for Hampshire’s acquisition of the property.

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