The Hampshire Companies has completed a $300 million recapitalization of its Fairfalls Logistics Portfolio in New Jersey, which will now include support from a joint venture partner.
In total, the portfolio reaches 1.35 million square feet of industrial space, covering not only Fairfield – but also Little Falls, Elmwood Park, and Carteret, in the state. There are 30 buildings included, with the average size coming out to 45,000 square feet. The entire portfolio is 92 percent leased.
Newmark served as the real estate firm's strategic advisor and helped with procuring an undisclosed JV stake partner to accommodate the recapitalization.
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