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 13,100-square-foot retail building located at 345 Main Street in Madison, N.J. from Lincoln Morris, Inc.
Ideally located in the heart of Madison, the building is situated on 1.31 acres and is currently vacant with interest from several national tenants as potential users. Hampshire plans to redevelop the property to make it more aesthetically reflective of the neighborhood’s charm, and to maximize its rental rate.
“The building’s excellent location in a thriving town like Madison made this acquisition a strong addition to our portfolio,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies.
Weichert Commercial Brokerage represented Lincoln Morris, Inc. in the transaction while Hampshire was represented by Wivern Associates.
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