The Hampshire Cos. arrange sale of 12,000 s/f Walgreens

The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has arranged the sale of a 12,000 s/f retail building located at 99 Chestnut St., 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."