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Last Updated ( Tuesday, 27 August 2013 15:29 )
DATE_FORMAT_LC2=Tuesday,August 27 2013 12:00:00 am EDT   
Hampshire Companies Buys Lynncroft Shopping Center

LynncroftShoppingCenterGreenville, N.C. — The Hampshire Cos., a private real estate investment firm based in New Jersey, has acquired Lynncroft Shopping Center, a 180,000-square-foot power center in Greenville. The center's tenant roster includes Lowes Foods, Best Buy, Bed Bath & Beyond, Ross Dress for Less, Ulta Beauty, David's Bridal and Omega Sports. The company purchased the center on behalf of the HUH US Real Estate Income Fund, which targets stabilized assets in the eastern U.S. The Hampshire Cos. purchased the center in a joint venture with MCB Real Estate and ARGUS Development Group, the original developers of the center. ARGUS continues to manage and operate the center.

 

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