The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, in a joint venture with MCB Real Estate, LLC, has announced the disposition of a 613,000-square-foot industrial facility located at 1900 Clark Road in Havre De Grace, Md., to MEPT 1900 Clark LLC, an affiliate of Bentall Kennedy, one of North America's largest commercial real estate advisors.
The building is fully leased to The Sun Products Corporation, which manufactures various consumer products. The facility’s strategic location near major area highways remains an ideal location for The Sun Products Corporation’s eastern distribution hub.
“Our ability to retain a strong credited, long-term tenant coupled with the building’s ideal location made this an attractive offer to potential buyers,” said Todd Anderson, a Principal of The Hampshire Companies. “Our partnership with MCB Real Estate and our unique understanding of current marketplaces and trends allowed us to maximize our investment.”
Cassidy Turley’s Baltimore Capital Markets team, including Jonathan Carpenter, Jay Wellschlager and Philip Iglehart, brokered 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.
About MCB Real Estate
MCB is a Baltimore-based investment platform dedicated to the execution of value-add, opportunistic and development strategies in the commercial real estate markets. Led by an experienced team of professionals with diverse real estate and finance backgrounds, MCB selects investment opportunities in industrial, retail and office sectors with a focus on east coast U.S. markets. More information on MCB is available at www.mcbrealestate.com.
R&J Public Relations