$30M Takes Seven-Building Portfolio

PISCATAWAY, NJ-The 386,043-sf office/warehouse portfolio trades for $78 per sf, with Blumenfeld Development Group as the seller and Hampshire Funds as the buyer.

By Eric Peterson | Updated on October 17, 2005

(To read more on the industrial market, click here.)

PISCATAWAY, NJ-The Morristown-based Hampshire Funds, an aggressive buyer of properties in the tri-state market this year, has added still more to its holdings, picking up a seven-building portfolio here. Hampshire has acquired the 386,043-sf portfolio of office/warehouse buildings for $30.2 million, which factors out to a little over $78 per sf.

The seller was the Syosset, NY-based Blumenfeld Development Group, which could not be reached for comment. Hampshire bought the assets on behalf of one of the company’s affiliated funds. The transaction was arranged by CBRE

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