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The Hampshire Companies and Onyx Equities Sell 48,000-Square-Foot Medical Office Building in Glen Rock, N.J.

$339 Million Institutional Investment Fund is Eighth Closed-End Fund for Hampshire
Glen Rock, N.J.

The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, in a joint venture with Onyx Equities, has announced the disposition of a 48,000-square-foot medical office building located at 85 Harristown Road in Glen Rock, N.J. The sale was made to the Hajjar Medical Group, a medical and surgical care provider in N.J.

The Hampshire Companies renovated the facility throughout 2009, upgrading it to include new façades, windows, lobbies, landscaping, HVAC system, roof, and restrooms, making it an ideal building for medical office users. Consisting of two 24,000-square-foot floors, the facility is situated on over four acres, featuring ample parking and easy access to all Northern New Jersey major roadways, including I-287, I-80, I-95, the Garden State Parkway, and Routes 208, 4, 7, and 46.

"The building's strategic layout and premier space options which allow for multiple medical practices and businesses in one location, made this an attractive offer for the buyer,” said Todd Anderson, a Principal of The Hampshire Companies. "Our partnership with Onyx Equities and our unique understanding of the medical marketplace allowed us to maximize our investment."

Frank Gunsberg of Colliers International New Jersey represented both the seller and buyer 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.

Tiffany Miller
R&J Public Relations