1/16/2008

Hampshire acquires Professional Center in the Bronx

by

3250 Westchester Ave.

Morristown, N.J.-based real estate investment firm The Hampshire Companies acquired two buildings known as the Pelham Bay Professional Center at 3250 Westchester Ave. in the Bronx, N.Y., totaling 80,100 square feet from Pelbay Associates, Inc.

The price of the deal was not disclosed.

The properties were acquired on behalf of Hampshire Partners Fund VII, a $350 million institutional real estate investment fund.

The deal included a 59,100 medical office building and a 21,000 square feet retail property. Among retail tenants are Subway, Baskin Robbins, CVS, and Dunkin Donuts. On the medical side, Doshi Diagnostic imaging centers and SurgiCare Ambulatory Surgery Center of New York are listed as tenants.

The Hampshire Companies is a privately held real estate investment firm. The company currently owns and operates 224 industrial, retail and office assets as well as other properties in 31 states.

Address: 3250 Westchester Ave., Bronx, N.Y.

Size: Two buildings/80,100 square feet

---

Filed Under: Mixed Use

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the text from image below to this textbox

crefeed.com -- Related Headlines

• Kislak negotiates sale of New Jersey MXD property - 12/26/2008
• 90,000 SF multi-use building in Los Angeles is listed - 12/1/2008
• NAI to market Los Angeles boys home with $1.75M price tag - 11/10/2008
• Investment partnership secures $75 million credit line - 11/6/2008
• HFF arranges $47M construction loan for Dallas MXD project - 10/22/2008
• Kislak finalizes $4.01 MXD sale in New Jersey - 10/15/2008
• First Industrial sells Phoenix Tech Center for $3.1M - 10/14/2008
• O'Connor Capital Partners sells condo/retail space within historic Manhattan House for $86M - 10/8/2008
• Alpine Regional Center on the market for $13M - 10/8/2008
• Norwalk, Conn., MXD property on the sales block - 9/10/2008