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 150 Mount Bethel Road in Warren, N.J., a 129,000 square foot office/flex building in the heart of the I-78 corridor.
The building features 76,000 square feet of office space and 53,000 square feet of warehouse space. Currently, Anadigics, a leading worldwide supplier of radio frequency integrated circuit solutions for communications markets, occupies 6,200 square feet of space, which the company uses for storage purposes. The remaining 122,800 square feet of space is available for lease and is ideal for companies with light manufacturing needs or those that are in search of affordable office space, storage space or a lab area. The property is situated on over 15 acres of land just minutes off of I-78, and offers close proximity to I-287 and Routes 22, 202 and 206.
"We understand the struggles that many New Jersey business owners face with the current state of the economy," said Todd Anderson, a Principal of The Hampshire Companies. "With its flexible floorplates and configuration options, 150 Mount Bethel provides business owners with high-quality office/flex space that meets a variety of needs at very competitive rates."
David Bernhaut of Cushman & Wakefield represented the seller 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