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 an 85,135-square-foot industrial property located at 91 North Street in Arcade, N.Y and a 171,893-square-foot industrial building located at 277 Walden Avenue in Cheektowaga, N.Y. The sale of both buildings was made to the Fremont Group based in West Hartford, Conn.
Both facilities are leased to API Heat Transfer, a global leader in the design and manufacture of a wide range of heat transfer technologies that service virtually every industrial market, including food and beverage, dairy, compressors, air separation, chemical processing, mobile vehicles, power generation, pharmaceuticals, HVAC, and a wide variety of general industrial applications. “Having both buildings fully leased to a reputable company such as API Heat Transfer made this an ideal investment for the buyer,” said Norman Feinstein, Vice Chairman of The Hampshire Companies. “The timing was right for us to sell, and this opportunity provided us with an attractive opportunity to maximize our investment.”
Andrew Sandquist of CBRE's Capital Markets Group in Chicago represented The Hampshire Companies and the Fremont Group in the transactions.
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