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Hampshire Buys 91,000-SF Industrial/Flex

MAHWAH, NJ-The fund manager has added the multi-tenant 10 Industrial Ave. on behalf of its Hampshire Generational Fund.

By Eric Peterson | Updated on December 18, 2008

MAHWAH, NJ-The right assets in the right locations continue to trade on the investment sales market in the Garden State, financial market conditions notwithstanding. The latest commercial asset to change hands is Mahwah Technical Park II at 10 Industrial Ave., a 91,388-square-foot, two-story industrial/flex building. It has been acquired by Morristown-based real estate investment fund manager Hampshire Cos., which has been one of the more active players in the investment sales market.

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.

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