East Coast grocery warehouse changes hands

Distributor hangs on to lease

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The Hampshire Cos. has sold a 301,626-square-foot industrial building in New Brunswick, N.J. The sale was valued at approximately $16.8 million. The property, located at 571 Jersey Ave., was fully leased to C&S Wholesale Grocers at the time of sale. Hampshire had recently negotiated a long-term lease renewal with C&S Wholesale Grocers, which uses the property as a regional distribution hub. The buyer's identity was not disclosed. The Hampshire Cos. is a full-service, private real estate investment fund manager based in Morristown, N.J. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....