Hampshire pays $24m for property.NAI See Network Associates. James E. Hanson recently represented Hampshire Hampshire, county (1991 pop. 1,511,900), 1,503 sq mi (3,893 sq km), S central England. Winchester is the county town. The terrain is undulating and is crossed by two chalk downs, rising in places to more than 800 ft (244 m). Companies in the acquisition of the 414,000 s/f industrial/office building located at 180 Kost Road in Carlisle, PA. NAI Hanson's executive director of corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. Michael G. Walters, SIOR SIOR Society of Industrial and Office Realtors SIOR Specialist, Industrial and Office Real estate and corporate service executive Hal B. Messer handled the transaction, which has a value that has been estimated at nearly $24 million. NAI Geis represented the seller, Oaktree Capital in this transaction. The building features 80,000 s/f of office space and 334,000 s/f of warehouse space, 90% of which is leased by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) for its Fully-Automated Global Distribution Center. "It is with great pride and confidence that we continue our relationship with Hampshire Companies," said Walters. "Hampshire continues to be a leading property owner and investor and this addition to the company's portfolio demonstrates Hampshire's ability to identify and acquire large assets that are strategically well positioned in strong markets, such as Carlisle, PA which serves as a major distribution hub for the Northeast"." Adds Messer, "180 Kost Road offers Hampshire the unique benefit of acquiring a property at a substantial discount to replacement cost while having a strong high-credit tenant such as IBM, and the ability to add significant value to the property through the leasing of the vacant office building and the potential expansion to the existing warehouse." The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. . |
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