FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) has secured $6.19 million in financing on behalf of The Hampshire Companies, a full‑service, private real estate investment fund manager, for Berkeley Heights Self Storage (top right photo) in Berkeley Heights, New Jersey.
HFF senior managing director Jon Mikula (top left photo) and associate director Michael Klein (bottom right photo) worked exclusively on behalf of The Hampshire Companies to secure the financing through US Bank.
Proceeds a
re being used to refinance existing debt and complete a capital improvements program that includes façade and signage improvements as well as the construction of additional units.
re being used to refinance existing debt and complete a capital improvements program that includes façade and signage improvements as well as the construction of additional units. Berkeley Heights Self Storage has 662 units totaling 51,520 square feet, which range in size from 5’ x 5’ to 10’ x 20’. The two three-story buildings are currently 65% leased.
The borrower plans to add 55 15’ x 15’ units on the first floor of Building A increasing the property to 62,558 square feet within 717 units. Berkeley Heights Self Storage is located at 310 Snyder Avenue in downtown Berkeley Heights.
The Hampshire Companies is a full-service, private real estate investment fund manager for both high net-worth investors and institutions 
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/.
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/. HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. www.hfflp.com.
Contacts:
Contacts:
Jon Mikula, HFF Senior Managing Director, (973) 549-2000, jmikula@hfflp.com
Myra F. Moren, HFF Director, Marketing, (713) 852-3500, mmoren@hfflp.com
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