MORRISTOWN, NJ-The locally based Hampshire Cos. and a joint venture partner identified only as, “a prominent global institutional pension fund,” have cut a deal to recapitalize a pool of 14 industrial properties making up part of the Hampshire Partners Fund VI investment portfolio. The properties, totaling nearly 3.7 million sf and located in New Jersey, Pennsylvania, Massachusetts, Connecticut and Maryland, were acquired by Hampshire and its partner in mid-December.

“This recapitalization is consistent with our commitment to our investors to seek out value-add opportunities in the marketplace and to stabilize and reposition these assets for an ultimate disposition or recapitalization,” says James Hanson II, CEO and president of Hampshire, in a statement. “We are pleased to have completed this complex and strategic transaction and look forward to building upon the relationship with our new partner.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.