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Hampshire Sells Medical Office Condos

FREEHOLD, NJ-The Hampshire Cos. and two partners sold nearly 45,000 square feet of medical-office space at 1101 W. Main St. here.

By Maria Wood | Updated on September 23, 2009

FREEHOLD, NJ–Pond View Professional Park, a 75,000-square-foot medical office complex, recently sold off more than half of its condominium suite space. The building is a joint venture of the Hampshire Cos., Pyramid Property Partners and Triad Development Co. The partners sold nearly 45,000 square feet. No purchase price was released. Located at 1101 W. Main St., the three-building, two-story complex is near CentraState Medical Center.

“We saw an opportunity to meet the high demand for medical office ownership with this development,” said Norman A. Feinstein, executive managing director for the Hampshire Cos., in a statement. “This facility offers physicians the opportunity to buy their own state-of-the-art office space and allows easy access to the hospital.”

According to Steven Schultz, managing principal of Pyramid Property Partners, demand for premier medical office space throughout New Jersey is on the rise. “We expect sales to remain strong as we move into the fourth quarter,” he said in a statement.

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