Hampshire Ptrs. Fund VII acquires 13,100 s/f building on 1.31 acres

According to The Hampshire Cos. a 13,100 s/f retail building located at 345 Main St. has been acquired from Lincoln Morris, Inc. The acquisition was made on behalf of Hampshire Partners Fund VII. The building is situated on 1.31 acres and is vacant. Hampshire plans to redevelop the property to make it more aesthetically reflective of the neighborhood's charm, and to maximize its rental rate. "The building's excellent location in a thriving town like Madison made this acquisition an ideal investment as well as a solid addition to our portfolio," said Norman Feinstein, executive managing director of The Hampshire Companies. Weichert Commercial Brokerage represented Lincoln Morris, Inc. while Hampshire was represented by Wivern Associates.