 | Hampshire Generational Fund Acquires 44,271-Square-Foot Publix Supermarket in Huntsville, AL
Huntsville, AL (December 7, 2006) – The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1.5 billion, recently acquired the 44,271-square-foot Publix Supermarket located at Mountain Grove Crossings in Huntsville, AL. The acquisition, valued at approximately 5.9 million dollars, was made on behalf of The Hampshire Generational Fund, one of the firm's private equity real estate investment funds tailored to high net worth investors.
"Publix is a strong credit tenant with dominant market share in the Southeast," said Norman A. Feinstein, Executive Vice President of The Hampshire Companies. "The combination of Publix long-term lease until 2023, its dominant position in the market, and Huntsville's strong demographics makes this acquisition a valuable investment for our investors."
Situated on five acres, the Class-A freestanding building features excellent visibility in a high-traffic area of this growing community.
The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, and office product as well as an investor in other real estate funds.
The Hampshire Companies is a full-service, private real estate investment fund
manager based in Morristown, New Jersey. The Hampshire Companies is a
vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com.
PR Contact:
Jason Ledder
R&J Group
908-722-5757
908-722-5776 (fax)
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