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 25,517-square-foot industrial building located at 361 – 371 South Street in Newark, N.J., to South Street East Realty, LLC.
Situated on over four acres, the property is conveniently located near one of New Jersey’s prime distribution markets, offering easy access to the New Jersey Ports and Newark Liberty International Airport. In addition, the property is close to major area highways, including Interstates 280 and 78, the New Jersey Turnpike, and the Garden State Parkway.
“The property’s prime location near a major distribution hub made this an attractive investment for the buyer,” said Kim Stirba, a Senior Investment Manager for The Hampshire Companies. “The buyer, who owns the adjacent property, was looking to expand its existing business, and the building was an ideal match for the company’s needs.”
Tom Monahan of CBRE represented The Hampshire Companies in the transaction. The buyer was represented by The Blau & Berg Company.
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