RCA in the commercial property press:


Hampshire acquires shopping centre for $240m fund


Monday, December 22, 2008
Source: Private Equity Real Estate


Private Equity Real Estate reports: The New Jersey-based private equity real estate firm has added a Milford, Connecticut strip mall to its high-net-worth fund, The Hampshire Generational Fund. The deal was valued at about $30m with a reported cap rate of 7.5%. According to data from Real Capital Analytics, the strip mall was acquired for about $30 million, or $168 per square foot, with a 7.5 percent cap rate. Among the major tenants are Shop Rite supermarket, Bob's Stores, UPS, Payless Shoe and Blockbuster Video. The property, built in 1958, was bought from Heyman Properties. Milford Plaza, 200 Cherry St, Milford, CT


View the full article on Private Equity Real Estate: Hampshire acquires shopping centre for $240m fund

Posted by: Nina Turner

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