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It comes with 212 units.
The company cites "increasing demand" for light industrial.
Recent moderation of interest rates is one factor.
A 4.1-acre site is being targeted.
The project will be ready for reveal later this year.
Occupancies are consistently above 95 percent in the area.
Hampshire will get a JV partner.
Redevelopment is in the plans for one of the properties.
Occupancy of the shopping center is 98.6 percent.
Recently, the JV spent $18 million on renovations.