Philadelphia, Pa. – January 15, 2009 – (RealEstateRama) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $2 billion, has acquired a 39,702-square-foot industrial building located at 8401 Escort Street in Philadelphia, Pa. 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.
The single story food processing facility is currently leased to Sky Chefs, an internationally recognized provider of culinary expertise for airline catering. The property is ideally located adjacent to the Philadelphia International Airport and offers 5,700 square feet of office space.
“This acquisition was an excellent opportunity for us to expand into the Philadelphia market,” said Robert Schmitt, Managing Director of The Hampshire Companies. “In addition, having a strong tenant already in place and the great location made this a solid asset for our investors.”
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The Fund caters to high net worth individual investors who are looking to diversify their investment portfolio by investing in real estate. The goal of the Fund is to invest in quality income producing assets that will appreciate over time and produce stable cash flow in order to generate quarterly distributions to our investors.
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.
R&J Public Relations, LLC