Hampshire Companies buys two retail properties - 43,139 s/f

The Hampshire Cos. has acquired two retail properties totaling 43,139 s/f from TIAA-CREF in a J.V. with MCB Real Estate. The properties are located within the North Hills Commons shopping center on Clemson Blvd. North Hills Commons is a 333,149 s/f shopping center. Currently the two retail properties are fully leased to Michael's for 23,835 s/f to Petsmart for 19,314 s/f. "With two strong-credit national tenants already occupying the space and the center's high traffic and convenient location fit perfectly within our investment strategy," said Rob Schmitt, a principal of The Hampshire Cos. "It also presented us with an excellent opportunity to continue our successful partnership with MCB Real Estate." Mike Burkard of CB Richard Ellis represented TIAA-CREF.