The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has acquired an 80,000-square-foot industrial/warehouse building located at 2 Dedrick Place in West Caldwell, N.J. from SME Co., Inc.
Situated on five acres, the property is strategically located within the West Essex Industrial Park, one of the premier industrial parks in Essex County, New Jersey. The building is fully leased to RLB Food Distributors, a leading produce and deli distributor and processor to quality food retailers. Prominent corporate neighbors to RLB within the park include Toyota, 3M, Pella Windows, and Ricoh.
“This acquisition was an excellent opportunity for us to expand our Northern New Jersey portfolio,” said Robert Schmitt, Managing Director of The Hampshire Companies. “In addition, having a strong tenant such as RLB Foods already in place made this a solid asset to acquire.”
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