The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the sale of two industrial buildings totaling 268,576 square feet located at 165 and 205 Chubb Avenue in Lyndhurst, N.J., to Seagis Property Group LP.
Collectively situated on more than 14 acres, the attractive warehouse facilities are well-located in the Meadowlands sub-market, offering close proximity Newark Liberty International Airport, and providing easy access to the New Jersey Shipping Ports in Elizabeth and Jersey City. The properties also offer direct access to major area highways including, The Garden State Parkway, The New Jersey Turnpike, Routes 3, 4 and the Lincoln Tunnel and George Washington Bridge making it an ideally situated distribution hub.
“The buyer’s desire to acquire these buildings came at the perfect time, making this transaction ideal for us,” said Patricia Krasowski, an Investment Manager for The Hampshire Companies. “The building’s superior location and 90 percent occupancy rate made these properties an attractive asset to the buyer.”
The Hampshire Companies represented themselves in the transaction, and Thomas Monahan of CBRE represented the buyer.
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