The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced the acquisition of a 25,000-square-foot industrial building located at 361-371 South Street in Newark, N.J. from Polarome International, Inc.
Situated on over four acres, the property is conveniently located in close proximity to one of New Jersey’s prime distribution markets offering easy access to the N.J. Ports and the Newark Liberty International Airport. Upon acquisition, Polarome International, Inc., a worldwide manufacturer and distributor of essential oils, aroma chemicals, fragrances, flavors, perfumes and raw materials, entered into a lease with Hampshire.
“The building’s location and Hampshire’s ability to secure a lease from the seller made this an attractive transaction for us,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies.
Tom Monahan of Colliers Houston 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