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BRIDGEPORT, CT-The Hampshire Cos. of Morristown, NJ has acquired the 11-story, 214,444-sf Royal Bank of Scotland building here for approximately $22.5 million. The purchase was made on behalf of its Hampshire Partners Fund VI. The fund acquired the property from real estate investor and developer RD Scinto Inc. of Shelton.

The property, which is fully leased, sits on approximately 1.5 acres of land. Royal Bank of Scotland is the building’s primary tenant and has a lease that runs through 2010, according to Hampshire. Located at the intersection of Lafayette Boulevard and State Street, the property also includes an attached seven-story parking garage.

RD Scinto was represented by Jeffrey Dunne, vice chairman, and Stephen Bardsley, first vice president, of CB Richard Ellis’ New York Tri-State Investment Team. “This particular investment is one of the flagship properties of the downtown area and it is a particularly attractive corporate location,” says Norman A. Feinstein, executive vice president Hampshire.

Feinstein adds that Hampshire Partners Fund VI is currently seeking additional acquisitions in its targeted markets in the Northeast and Mid-Atlantic, including sites in the metro market. In September, Hampshire Partners Fund VI acquired 440 Eagle Rock Ave., an 84,564-sf industrial building in Roseland, NJ for approximately $5 million and sold three New Jersey self-storage facilities for $38.3 million. In August, the fund purchased the Center Point at 8A, a 55,000-sf office/industrial building located at 2 Commerce Dr. in South Brunswick, NJ for approximately $4 million.

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