March 2, 2020
First National Realty Partners acquired The Court at Hamilton, a 194,000-square-foot Walmart-anchored retail center in Hamilton, NJ, in an off market transaction.
The 99% occupied center traded for $19.2 million, according to Marcus & Millichap’s Institutional Property Advisors, whose Brad Nathanson represented seller Abrams Realty & Development.
“With little to no competition within three miles, Walmart performs extremely well here, with more than $100 million in sales,” said Nathanson. “The area’s high population density and the opportunity to co-tenant with Walmart make the center immensely appealing to retailers.”
First National’s Andrew DeNardo said, “The Court at Hamilton is a perfect example of First National Realty Partners’ core mission of bringing institutional quality commercial real estate opportunities to our partners while creating value for all stakeholders involved.”
Along with a 150,000-square-foot Walmart Supercenter, other tenants include Burger King, Rainbow, Capital Health Primary Care, Santander Bank and Wine Republic.
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