The Hampshire Generational Fund Acquires 78,000-Square-Foot Industrial Building in Nashua, NH in a Sale/Lease Back Transaction
May 16, 2007 (PRLEAP.COM) Business News
Nashua, NH (May 2007) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired a 78,000-square-foot industrial building located at 24 Simon Street in Nashua, NH from Axsys Technologies. The acquisition was made on behalf of The Hampshire Generational Fund, one of the firm’s private equity real estate investment funds tailored to high net worth investors.Immediately following the acquisition, The Hampshire Companies inked a 15 year lease deal with Axsys Technologies who will continue to use the space to design optical and motion control solutions for high performance commercial markets.
“This strategic acquisition is evidence of The Hampshire Companies’ commitment to investing in quality properties,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “Axsys Technologies’ decision to commit to a long-term lease created a win-win situation for not only Hampshire, but for our investors as well.”
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, and office product as well as an investor in other real estate funds.
About The Hampshire Companies
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.
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