Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MAHWAH, NJ-The right assets in the right locations continue to trade on the investment sales market in the Garden State, financial market conditions notwithstanding. The latest commercial asset to change hands is Mahwah Technical Park II at 10 Industrial Ave., a 91,388-square-foot, two-story industrial/flex building. It has been acquired by Morristown-based real estate investment fund manager Hampshire Cos., which has been one of the more active players in the investment sales market.

Mahwah Technical Park II was acquired by Hampshire Cos. on behalf of its Hampshire Generational Fund, a commingled discretionary real estate investment fund that caters to high net worth individuals. The seller was EWE Warehouse Investments, and the sale price was not disclosed.

“This acquisition was an opportunity for us to expand our Northern New Jersey portfolio,” says Robert Schmitt, managing director of the Hampshire Cos. “It’s located in the Bergen County industrial market, and it is positioned within one of the state’s top tech and warehouse/distribution hubs. It also has a strong occupancy rate.”

The asset is currently fully occupied by Polytype America, a supplier of equipment to the packaging industry; sewing machine manufacturer Janome America; New Concept Press; LS Advertising Co.; and Scanpan USA, a Danish housewares manufacturer.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.