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 six industrial condominium units at Lakemont III totaling 26,871 square-feet. Located at 11925 West I-70 Frontage Road in Wheat Ridge, Colorado, the flex units were sold to The Phoenix Limited Partnership.
An easily accessible industrial development on Denver’s west side, Lakemont III sits along Interstate 70 with proximity to Interstate 76, Interstate 25 and Route 87. The modern industrial condominiums feature 20-foot ceilings, ample loading docks and grade-level doors. The units are fully leased to Reglera, LLC, a consulting and service partner to the medical device industry that was recently acquired by Dohman Life Science Services.
“The units provided the buyer with the opportunity to invest in a property that has a track record of proven, stabilized cash flow and high occupancy rates,” said Robert T. Schmitt, Executive Vice President for The Hampshire Companies. “We were able to monetize our interest in this property due to the buyer’s interest in the opportunity to acquire an investment of this size and type.”
Ted J. Blank of Ted Blank and Associates, Inc. of Englewood, CO, represented the buyer in the transaction. Jeremy Records and Brad Cushard of Central Development, LLC, represented The Hampshire Companies in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate 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 HampshireRE.com.
About CrownPoint Group, LLC
CrownPoint Group, LLC (CPG) is a privately held New Jersey-based real estate investment and development firm offering Investment, Project Development, Urban Redevelopment, Construction Management, and Consulting Services to investors and businesses in major US markets. CPG’s main focus is on the acquisition and repositioning of industrial real estate assets in East Coast markets as well as the redevelopment of urban renewal areas with a particular emphasis on multi-family apartments and mixed use projects in mass transit locations.
Jeff Milanaik of CPG has been engaged as a redeveloper in Harrison, NJ (Hudson County) since 2003.
Contact
Tiffany Miller
R&J Public Relations
908-722-5757
TMiller@randjpr.com