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 two buildings totaling 52,500 square feet situated on 1.98 acres in Hauppauge, N.Y. from Siemens Energy and Automation.
The properties comprise of a 20,000-square-foot office building located at 155 Plant Avenue and a 32,500-square-foot industrial facility located at 75 Oser Avenue. Both properties are fully leased and are ideally situated near major area highways including Routes 454, 347, and 111.
“This was an excellent investment for us since the properties are positioned in an area that historically has very low vacancy rates,” said Todd Anderson, a Principal of The Hampshire Companies. “The opportunity for additional development also made this transaction an attractive investment.”
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