The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, announced the disposition of a 5,200-square-foot retail building located at 108 Baltimore Street in Lopatcong, N.J. The sale was made to Wentsai WANG.
The free standing retail building is located on over one acre of land and is the former site of a United Trust Bank branch. The modern building offers easy access to Route 22 and I-78 and is a neighbor to Warren Hospital and the recently renovated Hillcrest Professional Plaza. The two-story property has been built-out into a premium space consisting of six private offices, a vault, cubicle area, reception area, waiting room, meeting rooms and more. The property also offers two adjacent parking lots with a total of 30 spaces.
“108 Baltimore Street has a number of unique amenities which enabled us to maximize the value of the property,” said Robert T. Schmitt, a Principal of The Hampshire Companies. “Beyond the ample parking and excellent visibility due to its premier location in a high traffic area, the property also offers retail business zoning, which will allow for a wide variety of tenants including retail businesses, banks, funeral homes, day care centers, medical offices, restaurants and more."
Trillium Realty Advisors, LLC represented the seller in this 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