The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, reports strong leasing activity throughout 2014 executing more than 2.2 million square feet of new and renewal lease transactions.
“We saw a stabilization of leasing activity in the office market throughout 2014, as demand aligned with the available stock of quality office space. Additionally, there was an almost unprecedented increase in demand for quality industrial space in strategic locations such as the Port area,” said James E. Hanson II, President and CEO of The Hampshire Companies. “We are committed to acquiring properties in strategically positioned markets and transforming them into the type of Class-A, flexible spaces that meet the needs of today’s leading companies and brands.”
The Hampshire Companies finished the second half of 2014 strong, inking just over 1.2 million square feet of new leases and lease renewals. This surge in activity verifies that the commercial real estate market is continuing to regain its pre-recession form and The Hampshire Companies looks to build on last year’s success.
The most notable leasing transactions from the second half of 2014 include:
- The Clorox Company renewed its 200,000-square-foot lease at 550 Research Parkway in Meriden, CT.
- Unisource Worldwide leased 171,055 square feet at 1225 South Market Street in Mechanicsburg, PA.
- SGS North America Inc. leased 21,000 square feet at 1 Washington Avenue in Fairfield, N.J.
JP Morgan Chase leased 15,721 square feet at Centra at Metropark, in Woodbridge, N.J.
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, LLC