The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced that it has begun renovations and broken ground for a new addition at The Madison Professional Center located at 345 Main Street in Madison, N.J.

As part of the renovation, Hampshire has taken the existing 13,110-square-foot building down to its steel and will add a 6,582-square-foot addition bringing the building to 19,692 square feet. Upon completion in June 2010, the two-story, state-of-the-art professional center will feature a variety of amenities including a spacious lobby and a new elevator. The building will be suitable for single or multi-tenant users.

345 Main Street is strategically located in the suburban area between Madison and Chatham providing close proximity to Morristown Memorial Hospital, making it ideal for medical office users. In addition to a variety of retail locations in the area, the building also offers quick access to major highways and is easily accessible by mass transit.

““There has been a growing demand for medical office space that meets the needs of today’s physicians,” said Todd Anderson, a Principal of The Hampshire Companies. “We believe that the right office space can greatly impact the patient experience and once completed The Madison Professional Center will be one of the premier medical office facilities in Morris County. We are excited to provide the medical community with this state-of-the-art space that is conveniently located in close proximity to one of the area’s leading hospitals.””

Hampshire acquired the building late 2007. For leasing information please contact Jeff Heller and Peter Hedley of CB Richard Ellis.

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.

Contact
Tiffany Miller
R&J Public Relations
908-722-5757
TMiller@randjpr.com