(Read more on the industrial market.)
HACKETTSTOWN, NJ-Hampshire Cos., the Morristown-based investmentfund manager, has picked yet another property on behalf of its new$350-million Fund VII, marking the third deal announced just thismonth. This time it's the Hackettstown Commerce Center, a252,000-sf acquisition involving three existing buildings and afourth under construction along Bilby Road here.
The seller was B&W Associates, another Morristown-basedgroup. The deal was brokered by James Costanzo and Frank Kobola ofthe Parsippany office of Colliers Houston & Co. The sale pricewas not released. The 20-acre property is located adjacent toAllamuchy State Park.
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