Our Lens

The Hampshire Companies Sells Office Building in Hauppauge, N.Y.

Hauppauge, N.Y.

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 a 20,000-square-foot office building located at 155 Plant Avenue in Hauppauge, N.Y., to a local investor.

Fully renovated into an office property in 2008, the building is situated on nearly 2 acres and is centrally located and exceptionally recognized in the Hauppauge Business Park, a 1,400 acre, 15 million-square-foot Business Park that is home to 1,600 businesses and 40,000 employees. In addition, the building is easily accessible, offering close proximity to major area highways including the Long Island Expressway and Northern State Parkway. The property is fully leased to Siemens Real Estate, a division of Siemens Shared Services, LLC.

“The building’s major renovations and upgrades along with its ideal location within the Hauppauge Business Park made this an attractive investment opportunity for the buyer,” said Igor Derbaremdiker, a Senior Investment Manager for The Hampshire Companies. “In addition, our ability to secure a long term, strong quality tenant largely factored into the buyer’s decision.”

DY Realty Services, LLC represented The Hampshire Companies 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.

Leann McDonough
R&J Public Relations