16B — June 13 - 26, 2014 — New Jersey — M id A tlantic
Real Estate Journal
CRE F orecast S ummit
NAI James E. Hanson represents seller in 11,289 s/f lease The Hampshire Companies sells 60,766 s/f industrial space
P ISCATAWAY, NJ — The Hampshire Com- panies , a full-service, private real estate investment firm with equity in assets val- ued at over $2.5 billion, has announced the sale of a 60,756 s/f industrial building located at 81 Kingsbridge Rd. in Pis- cataway. The sale was made to Super Win Enterprises Cor- poration, a nationwide paper and plastics distributor. Situated on five acres of land the single-story build- ing offers excellent visibility with signage along I-287 and easy access to the New Jersey Tpke. and Interstates 78, 287,
and 280. The facility features 27’ clear ceilings, ample park- ing, two loading docks and is fully climate controlled. The property’s layout also allows for the opportunity to add more parking and loading areas. “The building’s versatile layout and the fact that the building was vacant during the time of the sale allowed the buyer to customize the space to best fit their unique needs,” said Igor Derbarem- diker , senior investment manager for The Hampshire Companies. “The sale of the property enabled us to achieve objective returns on our in- vestment.” CBRE, Inc. represented The Hampshire Companies in the transaction. In addition... The Hampshire Compa- nies, has sold its 11,289 s/f learning center to Garden Academy, Inc., a non-profit school specializing in the best practices for the treatment of Autism for students ages 3-21 from North and Central New Jersey. Garden Academy will move from its previous loca- tion in Maplewood, NJ. to its new home at 627Mount Pleas- ant Ave. in West Orange, NJ. Situated on 2.31 acres, the facility which was formerly a learning and daycare center features ten classrooms and site amenities include two swimming pools and a play- ground ideal for helping the Garden Academy carry out its mission. The property also offers easy access to Interstate 280 and the Garden State Parkway and ample, paved parking. “We were inspired by the superior work and dedication that Garden Academy pro- vides to the children in north- ern and central New Jersey in need of specialized education which is why we selected the school as the purchaser from a pool of qualified buyers,” said Igor Derbaremdiker, a Senior Investment Manager for The Hampshire Companies. “For us this was more than a real estate transaction. It was im- portant for us to help Garden Academy find a permanent place where the school and its students could continue to grow.” NAI James E. Hanson, Inc. represented Hampshire in the transaction. n
81 Kingsbridge Rd.
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