March 2, 2020 Comments Off on IPA Arranges Deal for Walmart-Anchored Center in Hamilton Views: 337 New Jersey, New York News, Tri-State Area New York

IPA Arranges Deal for Walmart-Anchored Center in Hamilton

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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.

Connect New York 2020 is set to take place on Wednesday, April 29 at Upper Story by Charlie Palmer. For more information, or to register, click here.

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