According to The Hampshire Cos., the company is developing an 8,400 s/f single tenant, free-standing retail building located at 539 Albany Ave. The property is being developed on behalf of Hampshire Partners Fund VII, Hampshire's $350 million institutional real estate investment fund. Hampshire has secured a long-term lease with Quick Check Corp. upon completion. The building is being developed in a high traffic area that offers easy access to the site. Hampshire Partners Fund VII is a commingled, discretionary value-added real estate investment fund. The goal of Hampshire Partners Fund VII is to deliver superior, above-market returns to its institutional investors through the acquisition, repositioning and operation of investment-grade properties in attractive locations. The focus of investment for this value-add fund is on industrial, retail and suburban office products located in the growth corridors of the Northeast and Mid-Atlantic. 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.