Three Additional Medical Offices Planned
Littleton, Colo. (January 9, 2008) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has acquired 2.87 acres of land located at South Park Drive in Littleton, Colo. 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.
Situated just two miles from Centura Health Hospital, Hampshire acquired the last remaining development parcel in a planned unit development of medical offices that features 25 existing buildings. Hampshire also acquired three existing medical offices in the transaction and is in the planning stages of building three additional medical offices on the property. Upon completion, the project will total 35,000 square feet.
“The property’s proximity to Centura Health Hospital makes this an ideal investment for our investors and enables us to meet the current market demand for new medical office space,” said Norman A. Feinstein, Executive Managing Director of The Hampshire Companies. Construction on the three new offices is scheduled to begin in the second quarter of 2008.”
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 products 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.