The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the acquisition of 98,904 square feet in an industrial / flex building located at 2 Cranberry Road in Parsippany, N.J. The property is currently operated as an industrial condominium, which consists of four separate units.
Current tenants include Availl, a subsidiary of Boeing and leading solutions provider of aftermarket supply-chain management services for the aerospace and defense industries; Ingersoll Rand (NYSE: IR), a world leader in creating and sustaining safe, comfortable and efficient environments; and Padded Wagon, New York’s largest moving company. There is currently 33,000 square feet of space available for lease.
“Conveniently located off Route 80 near the I-287 junction, the property offers easy access to major area highways making it ideal for a variety of professional and industrial users,” said Kristin Lynn, an Investment Manager for The Hampshire Companies. “The building’s premier space options, which allow for multiple businesses in one location, fit perfectly within our investment strategy.”
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.
R&J Public Relations