Friday, April 21, 2006

Jones Lang LaSalle


Hampshire Forms Destination Company
By Eric Peterson
Last updated: April 19, 2006 09:27am
(For more retail coverage, click GlobeSt.com/RETAIL.)

BERNARDSVILLE, NJ-The Hampshire Cos. has formed Hampshire Destination Properties, a new company that will manage and operate Hampshire-owned hotel, restaurant and retail locations. HDP, based here, will be an independent company focused on acquiring, developing and managing properties for its Morristown, NJ-based parent.

"Hampshire Destination Properties will leverage the Hampshire name, providing us with a familiar identity," says Jeffrey B. Hanson, who will head the new operation, and whose family has owned and operated the Hampshire Cos. for more than 30 years. "We are focused on assembling a portfolio of hospitality-oriented properties throughout Central New Jersey."

HDP is starting off with two properties under its aegis. They include BaseCamp Adventure Outfitters, a seller of outdoor equipment located in Basking Ridge, NJ, and the Station Pub & Grub, a restaurant across from the commuter rail station here.