WESTWOOD--The Hampshire Companies, a full?service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, has announced the acquisition of a 33,000-sf medical office building located at 400 Old Hook Road in Westwood N.J. from Life Key Ventures, Inc.
The acquisition was made on behalf of Hampshire Partners Fund VII, Hampshire’s $350 million institutional real estate investment fund.
Situated on 1.23 acres, the property is strategically located less than a mile from the former Pascack Valley Hospital, which is currently being converted into a medical school, and offers easy access to the Garden State Parkway and NJ Transit lines. Upon acquisition the building was 80% occupied.
Cushman & Wakefield represented The Hampshire Companies in the transaction.
The Hampshire Companies
www.hampshireco.com
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