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 the seven building 172,000-square-foot Greit Pax River Office Park located in Lexington Park, Md. from Greit Pax River Office Park, LLC.
Comprised of five low-rise office buildings and two office/flex buildings, the office park is approximately 84 percent occupied. The property is situated on over 11 acres and is located one mile from Patuxent River Naval Air Station.
“Following the completion of some minor renovations, we expect the remaining space to lease quickly,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “The property has an excellent tenant history and offers significant growth potential for additional development opportunities.”
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