The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $1.5 billion, has announced the acquisition of a 596,000-square-foot distribution/ office building located at 1225 South Market Street in Mechanicsburg, Pa. from Bookspan, the parent company of Doubleday Entertainment and Yes Solutions.
Situated on 101.71 acres, the two-story building is located within close proximity to I-76 and offers convenient access to the property via South Market Street and Route 114. This is Hampshire’s second major acquisition in Mechanicsburg, having acquired a 414,016-square-foot warehouse building at 180 Kost Road in late 2006.
“Bookspan will continue to occupy a portion of the office space under a long term lease. The balance of the building will be repositioned for a variety of tenants and users,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “This acquisition was an excellent opportunity for us to strengthen our warehouse portfolio.”
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations