The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at more than $2 billion, has acquired a 42,500-square-foot office building located at 55 Old Ridgebury Road in Danbury, Conn., from Sunbelt Management Company.
The building is fully leased under a long-term agreement with Praxair, Inc. one of the world’s largest industrial gas companies that produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.
“This acquisition was a great opportunity to geographically and demographically expand our portfolio in Connecticut,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “With a long-term lease agreement in place we are confident that this acquisition will prove to be an excellent investment.”
Grubb & Ellis represented Hampshire 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