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 retail properties totaling 43,139 square feet of space from TIAA-CREF in a joint venture with MCB Real Estate. The properties are located within the North Hills Commons shopping center on Clemson Boulevard in Anderson, S.C.
North Hills Commons is a 333,149-square-foot shopping center located along a high profile retail corridor providing excellent visibility and signage. Currently the two retail properties are fully leased to Michael's for 23,835 square feet and to Petsmart for 19,314 square feet. Anchor tenants in the center include Lowe's, Target, and Ashley Furniture.
"With two strong-credit national tenants already occupying the space and the center's high traffic and convenient location fit perfectly within our investment strategy," said Rob Schmitt, a Principal of The Hampshire Companies. "It also presented us with an excellent opportunity to continue our successful partnership with MCB Real Estate."
Mike Burkard of CB Richard Ellis represented TIAA-CREF in the transaction.
About MCB Real Estate
MCB Real Estate is a Baltimore-based real estate investment firm which acquires retail, industrial and office assets in East Coast markets. Additional information on MCB is available at www.mcbrealestate.com.
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