The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the disposition of 7 Mercedes Drive, a 58,500-square-foot office/flex building in Montvale, N.J. The sale was made to H.E. Northgate Limited Partnership.
The building is conveniently located on approximately six acres in the heart of one of Bergen County’s prime commercial locations. The property also offers direct access to the Garden State Parkway and is within close proximity to the Palisades Interstate Parkway, I-287, and Manhattan via the Tappan Zee or George Washington Bridges. Additionally the building is fully leased to Coining, Inc., the largest solder preform manufacturer in the world, which was recently purchased by AMETEK, Inc. a leading global manufacturer of electronic instruments and electromechanical devices. The facility was recently renovated and upgraded to meet the Coining’s needs.
“Our ability to secure and maintain a high caliber, full building tenant such as Coining made this an attractive opportunity for the buyer,” said Kim Stirba-Reynolds, a Senior Investment Manager for The Hampshire Companies. “The building’s location and recent renovations were also deciding factors in the transaction.”
The Esquire Group represented Hampshire in the transaction. The building is conveniently located on approximately six acres in the heart of one of Bergen County’s prime commercial locations. The property also offers direct access to the Garden State Parkway and is within close proximity to the Palisades Interstate Parkway, I-287, and Manhattan via the Tappan Zee or George Washington Bridges. Additionally the building is fully leased to Coining, Inc., the largest solder preform manufacturer in the world, which was recently purchased by AMETEK, Inc. a leading global manufacturer of electronic instruments and electromechanical devices. The facility was recently renovated and upgraded to meet the Coining’s needs.
“Our ability to secure and maintain a high caliber, full building tenant such as Coining made this an attractive opportunity for the buyer,” said Kim Stirba-Reynolds, a Senior Investment Manager for The Hampshire Companies. “The building’s location and recent renovations were also deciding factors in the transaction.”
The Esquire Group represented Hampshire in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. 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.
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