Hampshire Partners Fund VII Acquires 317,400-Square-Foot Flex Building in Richmond, Va.
Richmond, VA, October 12, 2007 – 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 317,400-square-foot flex building located at 5700 Audubon Drive in Richmond, Va. The acquisition was made on behalf of Hampshire Partners Fund VII portfolio, Hampshire’s recently launched $350 million institutional real estate investment fund.
The building features close proximity and easy access to the Richmond’s superior transportation infrastructure including the Richmond Airport. 5700 Audubon Drive also offers the opportunity to expand the current building an additional 13,000-square-feet.
“The building’s strategic location and expansion capabilities make this an excellent addition to our portfolio,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. “5700 Audubon Drive offers numerous opportunities and will prove to be a sought after location for many tenants.”
About Hampshire Partners Fund VII
Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office products located in the growth corridors of the Northeast and Mid-Atlantic.
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.
