{"id":1004288570,"date":"2018-12-28T08:21:41","date_gmt":"2018-12-28T16:21:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004288570"},"modified":"2022-12-08T19:48:05","modified_gmt":"2022-12-09T03:48:05","slug":"hampshire-cos-enters-opportunity-zone-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hampshire-cos-enters-opportunity-zone-market\/","title":{"rendered":"Hampshire Cos. Enters Opportunity Zone Market"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004288660\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004288660\" data-attachment-id=\"1004288660\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hampshire-cos-enters-opportunity-zone-market\/james-e-hanson-ii-headshot-2016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1450882735&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;100&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"James E Hanson II &#8211; Headshot 2016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;James Hanson II &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg?w=800\" class=\"wp-image-1004288660 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/James-E-Hanson-II-Headshot-2016.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004288660\" class=\"wp-caption-text\">James Hanson II<\/p><\/div>\n<p>The Hampshire Cos. has acquired 250 Essex St. in Hackensack, N.J., marking the private real estate investment firm&#8217;s first Opportunity Zone investment.&nbsp;<\/p>\n<p>The company is partnering with Danitom Development to redevelop the .69-acre parcel, which was previously the site of a now-closed diner. The property is within close proximity to the Hackensack University Medical Center and the NJ Transit Essex Street Station.&nbsp;<\/p>\n<p><em>\u201cUp and down the I-95 corridor, we continue to see strong growth fundamentals providing tremendous opportunities for the development of multifamily, industrial and self-storage assets,\u201d<\/em>&nbsp;James E. Hanson II, president &amp; CEO of The Hampshire Cos., told <em>Commercial Property Executive. \u201cThe Opportunity Zone program provides us with another tool that enables us to leverage our decades of experience in ground-up development and redevelopment to bring tangible, transformative real estate investments to these communities.\u201d<\/em><\/p>\n<p>Director of Capital markets for NAI James E. Hanson, Greg James, represented The Hampshire Cos. in the deal.&nbsp;<\/p>\n<p>Last month, the firm <a href=\"https:\/\/www.commercialsearch.com\/news\/hampshire-cos-sells-nj-industrial-building-for-51m\/\">sold 700 Union Blvd. in Totowa, N.J., for $51 million<\/a>. HFF marketed the 382,596-square-foot property, which sold to AEW.&nbsp;<\/p>\n<p><em>Image courtesy of The Hampshire Cos.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm is partnering with Danitom Development to redevelop 250 Essex St. in Hackensack, N.J., formerly home to the Arena Diner. <\/p>\n","protected":false},"author":746,"featured_media":1004288660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,1600,21742,10],"tags":[39326,35017,35314],"class_list":["post-1004288570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-new-york","category-latest","category-northeast","tag-james-hanson","tag-nai-james-e-hanson","tag-the-hampshire-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hampshire Cos. 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