The Hampshire Companies has sold its 66,723-square-foot East Towne Shopping Center in Madison, Wisconsin to Capitol East Towne for an undisclosed amount.
The property was owned by The Hampshire Generational Fund, which targets high-net-worth investors. The fund focuses on investments in income-producing assets.
Located on more than six acres, the East Towne Shopping Center has tenants such as Old Navy, Sports Authority and Winslow’s Hallmark. It is also located adjacent to the East Towne Regional Mall.
Hampshire currently owns and operates a portfolio of 224 properties in 31 US states, totaling more than 14.7 million square feet. Its property portfolio is comprised of 43 percent industrial property, 40 percent retail, eight percent office, and nine percent other properties.
Earlier this month, the Morristown, New Jersey-based firm acquired a 299,625-square-foot industrial property in Carteret, New Jersey for an undisclosed sum. The property was acquired through its $350 million Hampshire Partners Fund VII, which targets value-add investments in industrial, retail and suburban office properties in the Northeast and Mid-Atlantic regions of the US.