HFF places $13.5M loan with Principal Global Investors for 2-8 Germak Drive in Carteret, NJ

FLORHAM PARK, NJ, Sept. 18, 2008 – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it placed a $13.5 million loan with Principal Global Investors for 2-8 Germak Drive (middle right map) , a 299,625-square-foot industrial building in Carteret, New Jersey.

HFF senior managing director Jon Mikula (top right photo) and associate director Michael Klein (top left photo) worked exclusively on behalf of the borrower, The Hampshire Companies, to arrange the four-year, fixed-rate loan.

Proceeds are being used to purchase the property and pay for closing costs and leasing commissions to re-tenant the building.

P.C. Richard & Sons will occupy the entire property for use as a warehouse distribution facility, service center and training facility.

Situated on 15.7 acres, 2-8 Germak Drive is close to Exit 12 off the New Jersey Turnpike as well as the Newark Liberty International Airport and Port Newark/Elizabeth Marine Terminal.

The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey with a portfolio of more than 15 million square feet of commercial space and assets valued at more than $2 billion.

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

CONTACTS:

Jon Mikula, HFF Senior Managing Director, 973 549 2000, jmikula@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com