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BERKELEY HEIGHTS, NJ-The 98,170-sf Berkeley Public Self Storage has a new owner, namely the Hampshire Cos.-managed Hampshire Partners Fund VII. The three-story building features more than 660 climate-controlled self-storage units with just less than 51,200 sf of rentable space.

“This facility was an ideal investment for us,” says Norman Feinsein, executive managing director of the Morristown-based Hampshire Cos. “The building’s area demographics and additional development opportunities makes this an excellent addition to our portfolio.”

This marks the second time in a month that the asset has been “sold.” As reported by GlobeSt.com in May, seller Tuck Away Mini Storage, locally based, had a deal on the table to sell the property to the New York City-based Post Storage Management LLC. That deal never cleared, paving the way for Hampshire’s acquisition of the property.

Hampshire represented itself in the latest transaction, and brokers from the Sperry Van Ness National Self Storage Team represented the seller. The sale price was not released, but the previous deal with Post Storage had been revealed with a sale price of $8.5 million.

Located near several major highways, including I-78, I-287 and Route 22, the building’s site is currently approved for later expansion.

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