Hampshire Inks 25,636-Square-Foot Lease Deal with Fragrance Leader
Piscataway, N.J. (PRWEB) June 8, 2007 -- The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced that Aroma Tech, an innovative high quality fragrance supplier, has leased 25,636 square feet at its recently renovated flex building located at 140 Centennial Avenue in Piscataway, NJ. The property is a part of the Hampshire Partners Fund VI portfolio, Hampshire's $235 million institutional real estate investment fund.
140 Centennial Avenue is a state-of-the-art facility, ideal for the most technologically advanced users, including biotechnology, aeronautics, or pharmaceutical. Strategically positioned in the heart of Central New Jersey, the property is 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.
Recent upgrades and renovations completed at the property include the following:
- Upgraded, re-designed and re-decorated lobby
- Installation of the latest in communication infrastructure
- Re-configuration and remodeling of office common areas
- Extensive landscaping and hardscaping
- Upgraded HVAC and other building systems
- Completely redesigned curtain wall
"With the significant upgrades and renovations completed, 140 Centennial Avenue is the perfect building for an innovative industry leader such as Aroma Tech," said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. "We recognized a market need for hi-tech office space in the technology-driven Central New Jersey marketplace and were able to deliver it in one of the most convenient locations with easy access to major highways. The Hampshire Companies remains committed to attracting high-quality tenants such as Aroma Tech and presenting solutions for growing business challenges of companies requiring office space featuring the latest in technology and design."
CB Richard Ellis is the exclusive leasing agent for the property which currently offers approximately 60,000 square feet of availability.
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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