The Hampshire Companies Sells Retail Building in Upstate New York
Oneonta, N.Y. (August 19, 2013) – The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the sale of a 12,000-square-foot retail building located at 99 Chestnut Street in Oneonta, New York, to QB Associates, LP. The building is fully leased to Walgreens, the largest drug retailing chain in the United States.
Situated on more than two and a half acres of land, the property is located in downtown Oneonta at the intersection of Chestnut Street and Main Street. The building is conveniently located within walking distance to Hartwick College and near direct highway access to the Senator Warren M. Anderson Expressway.
“Given the quality of the long-term tenant and the opportunity afforded by the current popularity of triple net lease properties, we saw this an opportune time to sell this asset,” said Robert Schmitt, a Fund Manager of The Hampshire Companies. “The building’s location in the heart of the City also made this attractive investment for QB Associates due to high traffic and consumer needs.”
About the Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm 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. Additional information on the Hampshire Companies is available online at www.hampshireco.com.