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 six asset retail portfolio to a National Private REIT. The assets are located in Orange and Ulster Counties and are fully leased to Quick Chek Corporation, the premier convenience store chain in the New York Metro market.
Each location features free-standing state-of-the-art convenience stores as well as gas stations. Additionally, the sites are located in high traffic areas offering feature excellent visibility and signage and easy access to the individual sites.
“All six assets are located in high traffic, well-populated areas that are currently underserved from a convenience standpoint,” said Igor Derbaremdiker, a Senior Investment Manager for The Hampshire Companies. “We were able to capitalize on conducive pricing for this portfolio making it a good time to sell. The portfolio was also a good fit for the buyer who was looking to increase its retail presence within the New York market, and the existing long-term lease deals with Quick Chek Corporation for all six properties made the portfolio attractive.”
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