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Hampshire Partners Fund VI Acquires Two Industrial Facilities in Meriden...

The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, announced today the acquisition of two industrial facilities totaling 548,000 square feet in Meriden, CT. The two properties, located at 160 Corporate Court and at 550 Research Parkway, were acquired on behalf of Hampshire Partners Fund VI, Hampshire's8217;s $235 million institutional investment fund.



160 Corporate Court is a 221,000 square foot industrial/warehouse facility leased to Bob's8217;s Stores, Inc, a unit of TJX Companies. The 550 Research Parkway property consists of two units totaling 327,000 square feet, which are currently leased to Aplicare, Inc., a market leader in the formulation, production, and packaging of topical antiseptic and personal care products, and J & J Tri State Delivery Service, a regional trucking and logistics company.



The two properties are contiguous, and are situated on over 50 acres in an established industrial park within this important industrial corridor of central Connecticut. Located directly off of I-91, just 25 miles south of Hartford, the properties offer superb convenience and access to all of New England via I-691 and I-87.



The properties were purchased by Hampshire from 160 Corporate Court, Inc. and 550 Research Parkway Associates, respectively. Steven K. Inglese, Principal of The New Haven Group represented Hampshire in the transaction, while the sellers were represented by Mark J. Duclos, SIOR of Sentry Commercial Real Estate Services.



's8220;Hampshire continues to be very bullish on the Connecticut commercial real estate market, and we believe this acquisition will provide significant long-term value for our investors,'s8221; said Norman A. Feinstein, Executive Vice President of The Hampshire Companies. 's8220;Over the past two years, we have acquired a significant portfolio of office and industrial properties in Connecticut. These properties are well-located and offer considerable advantages to potential tenants, making them attractive acquisitions for our institutional investment fund portfolio.'s8221;



Hampshire Partners Fund VI is committed to delivering superior, above-market returns to its investors through the acquisition, repositioning and operation of quality investment properties. The emphasis of investment for this value-add fund is on industrial, retail and suburban office property located in the growth corridors of the Northeast and Mid-Atlantic. The Fund remains very active in seeking 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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