HAMPSHIRE, ONYX ACQUIRE 48,000-SQUARE-FOOT OFFICE BUILDING

GLEN ROCK, N.J. — A joint venture between Morristown, N.J.-based The Hampshire Companies and Woodbridge, N.J.-based Onyx Equities has acquired a 48,000-square-foot office building located at 85 Harristown Rd. in Glen Rock. The property was acquired from Motorola, Inc. The joint venture plans to complete major renovations to the project throughout the year, including new façades, windows, lobbies, landscaping, HVAC systems, restrooms and a new roof — all with the intention of marketing the property to medical office users. Hampshire made the purchase on behalf of Hampshire Partners Fund VII, the company’s $350 million institutional real estate investment fund.