Mahwah Technical Park II was acquired by Hampshire Cos. on behalf of its Hampshire Generational Fund, a commingled discretionary real estate investment fund that caters to high net worth individuals. The seller was EWE Warehouse Investments, and the sale price was not disclosed.
"This acquisition was an opportunity for us to expand our Northern New Jersey portfolio," says Robert Schmitt, managing director of the Hampshire Cos. "It's located in the Bergen County industrial market, and it is positioned within one of the state's top tech and warehouse/distribution hubs. It also has a strong occupancy rate."
The asset is currently fully occupied by Polytype America, a supplier of equipment to the packaging industry; sewing machine manufacturer Janome America; New Concept Press; LS Advertising Co.; and Scanpan USA, a Danish housewares manufacturer.
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