The Hampshire Cos. purchased the Preston Hill Office Park, a 118-acre corporate park located in Middlebury, Connecticut. The park features the 318,000-square-foot corporate headquarters facility of Crompton Corp., a New York Stock Exchange-listed company that is a global marketer of specialty chemicals, polymer products and processing equipment.
The value of the transaction was not disclosed.
The property was acquired from Massachusetts-based developer Winstanley Enterprises.
The Crompton facility consists of office, research and development space, set amongst an abundance of trees in a true campus-like setting. Much of the property is presently undeveloped, and is zoned for further development, due to its ideal location. Over the past several years, Crompton has consolidated a number of its facilities into this location.
The Hampshire Cos. is a full-service real estate organization.
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