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Hampshire Buys 180,000 SF of Properties

MORRISTOWN, NJ-The latest pick-ups include two industrial buildings in New Jersey and a trio of single-tenant retail buildings in Michigan.

By Eric Peterson | Updated on September 04, 2008

MORRISTOWN, NJ-The Hampshire Cos., locally based, has added five properties totaling approximately 180,000 sf to its portfolio. The multiple acquisitions were made on behalf of two different funds managed by Hampshire, and the sale prices were not disclosed.

Much of that 180,000-sf total consists of 490 Huyler St., a 107,730-sf industrial building on five acres in South Hackensack, NJ, acquired from Huyler Realty LLC on behalf of Hampshire Partners Fund VII, Hampshire’s $350-million institutional real estate investment fund. Hampshire was represented by Stuart Alpert of Keller Realty.

“This property fits right into our fund’s value-add strategy,” says Todd Anderson, Hampshire’s senior investment manager. “We’re looking to implement a capital improvement program at the building, which will allow us to maximize the return to our investors.”

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