The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at more than $2 billion, has announced the acquisition of a 299,625-square-foot industrial building located at 2-8 Germak Drive in Carteret, N.J., from Carteret Ventures, LLC.
Situated on more than 15 acres, the property is conveniently located in one of New Jersey’s prime distribution markets, offering easy access to the Port of New York/New Jersey, the New Jersey Turnpike and Newark Liberty International Airport. Following the acquisition, Hampshire leased the entire premises to P.C. Richard & Sons, a leading Tri-State area appliance and electronics retailer.
“Our ability to fully lease the building quickly after acquiring the property is a testament to Hampshire’s ability to make sound real estate decisions and to deliver results,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies.
Tom Monahan of Colliers Houston represented The Hampshire Companies in both transactions.
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