Teaneck, New Jersey

Having a value of close to $20 million, Tom Monahan, has successfully negotiated a purchase of a modern 300,000 sf industrial building on 15.7 acres located in Carteret, NJ.  The Buyer was Hampshire Global Partners.  By way of background, The Hampshire Companies is a full-service, private real estate investment fund manager with equity in assets valued at over $1 billion. This asset will be acquired by Hampshire Partners Funds VII, L.P. a $350 million fully discretionary real estate private equity fund. With leverage, the Fund will be acquiring $1 billion in real estate over the next 3 year. The investment focus for the Fund is on diversified opportunities in the industrial, retail and suburban office asset classes located throughout the Northeast United States. In addition, the Fund has a $100 million subscription line of credit, which we use to close our transactions.

About Colliers International

Colliers International is a worldwide affiliation of independently owned and operated companies.

Contact Information

Colliers Houston & Co.
201.692.8100

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