Industrial News

"I'm pleased that The Hampshire Companies sees potential in Newark, and continues to invest in our city," said Booker before the ceremony. "Newark needs to support a thriving business community for the continued growth and improvement of our city's neighborhoods, to attract residents and additional business investment and to bring new jobs to our neighborhoods."

The new Hampshire Storage Post facility is scheduled to open in the late Spring of 2007.

"The Hampshire Companies sees great things for the City of Newark, and we are very pleased to participate in a small way in the continued revitalization of the City," said James E. Hanson II, CEO and President of The Hampshire Companies. "We believe the City of Newark has a great deal of untapped potential for economic development, and we are delighted to be a part of the excitement and momentum that Mayor Booker has brought to the City."

Hampshire Storage Post offers a wide variety of variously-sized spaces ranging from 50 to 300 square feet for the public to store virtually anything. "In this day and age, it is not unusual for an individual or family to have excess furniture, household fixtures or even the contents of a college dorm room for which they require short or long term storage," noted Rob Schmitt, Senior Vice President of The Hampshire Companies. "We are happy to be able to provide these needed storage units in an ultra-modern, secure facility in Newark."

Hampshire Storage Post will be operated by Slayton Development, a private concern based in Garden City, New York, has been developing and operating retail, office, self storage and technology parks for the past 40 years. Slayton is also serving as construction manager for the development.

The Hampshire Generational Fund, LLC, is a commingled, discretionary real estate investment fund. The goal of the Fund is to deliver superior, above-market returns to its investors through the acquisition and operation of industrial, retail, office and self storage properties, as well as an investor in other real estate funds.

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. Additional information on The Hampshire Companies and its funds is available online at www.hampshireco.com.