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 33,000-square-foot medical office building located at 400 Old Hook Road in Westwood N.J. from Life Key Ventures, Inc.
Situated on 1.23 acres, the property is strategically located less than a mile from the former Pascack Valley Hospital, which is currently being converted into a medical school, and offers easy access to the Garden State Parkway and NJ Transit lines. Upon acquisition the building was 80% occupied.
“The Hampshire Companies remains committed to providing quality office space to the medical community in premier locations,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “With current high occupancy and the soon-to-be open Touro University College of Medicine, this is an excellent addition to our portfolio.”
Cushman & Wakefield represented The Hampshire Companies in the transaction.
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