The Hampshire Partners Fund VI Acquires 414,016-Square-Foot Building in Mechanicsburg, PA

February 09, 2007 (PRLEAP.COM) Business News
Mechanicsburg, PA — The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced the acquisition of a 414,016-square-foot warehouse/office building located at 180 Kost Road in Mechanicsburg, PA from Oaktree Capital Management, LLC. The acquisition was made on behalf of Hampshire’s $235 million institutional investment fund, Hampshire Partners Fund VI.

Situated on 76.85 acres, the building features 80,000 square feet of office space and 334,016 square feet of warehouse space, 90% of which is leased by IBM for its Fully-Automated Global Distribution Center. IBM has occupied the warehouse/distribution facility since 1981 and has recently invested $1.45 million in building improvements as well as approximately $3.2 million in automation equipment upgrades.

“This acquisition demonstrates Hampshire’s ability to identify and acquire large assets that are strategically well positioned in strong markets,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “We are confident that 180 Kost Road will prove to be a significant addition to our already impressive and diverse portfolio.”

NAI James E. Hanson’s Executive Director of Corporate Services Michael G. Walters,

The Hampshire Partners Fund VI Acquires 414,016-Square-Foot 2/2

SIOR and Corporate Service Executive Hal B. Messer represented Hampshire in the transaction. Oaktree Capital Management, LLC was represented by Kevin Cook of NAI Geis Realty Group.

The Hampshire Companies is a full-service, private real estate investment fund manager 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 in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com