Open house displayed newly-renovated 140 Centennial Avenue property.
Piscataway, N.J. (PRWEB) May 26, 2007 -- The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, hosted more than 50 commercial real estate brokers at an open house luncheon on Thursday, May 10, 2007. The event, which began at the newly-renovated 140 Centennial Avenue property, and showcased the Companies' highly desirable Piscataway portfolio featured limo rides and tours of 240 Centennial Avenue, 860 Centennial Avenue, and 80 Kingsbridge Road.
The event was co-hosted by Hampshire's exclusive leasing agent for the property, the CB Richard Ellis team of Carolyn Sica, First Vice President, Mindy Lissner, Senior Vice President, and Robert Ryan, Senior Associate.
The open house allowed the commercial real estate community to experience firsthand the major renovations recently completed at 140 Centennial Avenue which have transformed the building into a state-of-the-art facility, ideal for even the most technologically advanced users, including biotechnology, aeronautics, or pharmaceutical.
"Hampshire has undertaken significant property improvements to make these offerings highly attractive to hi-tech companies that require superior technological services, numerous amenities, and the ability to accommodate a flexible layout," noted Deborah Haller, Investment Manager for Hampshire Partners Fund VI, Hampshire's institutional investment fund that owns the property.
Hampshire's Piscataway properties are positioned in the heart of Central New Jersey, and are conveniently located off Interstate 287 with easy access to the New Jersey Turnpike, Garden State Parkway and Routes 18, 1, and 22. A variety of hotels, major retail, restaurants and other amenities are conveniently located in the immediate area. In addition, its proximity to Rutgers University and the talent-rich Central New Jersey area, make these properties attractive to thriving and emerging companies.
Hampshire acquired the portfolio in the Centennial Avenue submarket in August 2005 and promptly undertook efforts for major site upgrades and property renovations.
"The Hampshire Companies recognized a market need for hi-tech office space in the technology-driven Central New Jersey marketplace and undertook plans to provide this space in the most convenient location with easy access to major highways," noted Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "This event demonstrated The Hampshire Companies' commitment to attract a high-quality tenant and to present solutions for the growing business challenges for companies requiring office space featuring the latest in technology and design."
Hampshire Partners Fund VI is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VI is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office product located in the growth corridors of the Northeast and Mid-Atlantic. The Fund continues to actively seek additional acquisitions throughout its targeted markets.
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com.
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