HAMPSHIRE ACQUIRES THREE PROPERTIES FOR FUND

SOUTH HACKENSACK, SOMERSET AND NEW PROVIDENCE, N.J. — Morristown, N.J.-based The Hampshire Companies has acquired three New Jersey properties on behalf of Hampshire Partners Fund VII, the company’s institutional real estate investment fund. In South Hackensack, Hampshire acquired a 107,730-square-foot industrial building located at 490 Huyler St. The seller was Huyler Realty. Stuart Alpert of Keller Realty represented Hampshire in the transaction.
In Somerset, Hampshire acquired an 85,000-square-foot office building located at 19 Schoolhouse Rd. The sellers were Provident Partners and Provident Sunnyside NJ.
Finally, in New Providence, Hampshire acquired a 51,000-square-foot industrial building in a joint venture with Tulfra Realty Co. The property is situated on more than 2 acres at 705 Central Ave. The seller was the borough of New Providence. The acquisition prices in all three transactions were undisclosed.