(Read more on the industrial market.)

HACKETTSTOWN, NJ-Hampshire Cos., the Morristown-based investment fund manager, has picked yet another property on behalf of its new $350-million Fund VII, marking the third deal announced just this month. This time it’s the Hackettstown Commerce Center, a 252,000-sf acquisition involving three existing buildings and a fourth under construction along Bilby Road here.

The seller was B&W Associates, another Morristown-based group. The deal was brokered by James Costanzo and Frank Kobola of the Parsippany office of Colliers Houston & Co. The sale price was not released. The 20-acre property is located adjacent to Allamuchy State Park.

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