The Hampshire Cos. has received a $300 million recapitalization for its The Fairfalls Logistics portfolio.
Newmark Group has served as a strategic adviser and assisted in procuring a joint venture equity partner.
Currently 92 percent leased, the portfolio totals 1.35 million square feet of light-industrial space across 30 buildings with an average size of about 45,000 square feet. The portfolio provides critical mass and operational efficiency within the regional port-centric market, offering accessibility to major Northeast corridors and a broad user base. With a large concentration in Fairfield, providing direct access to critical highways such as Interstate 80 and U.S. Route 46, the portfolio also spans Little Falls, Elmwood Park and Carteret, N.J.
“The Newmark team is proud to have secured the joint venture partner on behalf of Hampshire to accommodate the recapitalization of its expansive industrial portfolio,” said Welsh. “The new partnership, combin
