Paramount Realty Purchases Hamilton Marketplace From SITE Centers For $100 Million

The property involved in the transaction is Hamilton Marketplace, located at 130 Marketplace Boulevard in Hamilton, New Jersey. This retail asset features a total square footage of 485,094 and represents a sale price of $100,000,000 with a price per square foot of $206. The property is 99% occupied and is anchored by a 65,155-square-foot ShopRite, which is part of a grocery-anchored power center featuring tenants such as Kohl’s, Staples, and Burlington.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100,000,000
• Address: 130 Marketplace Boulevard
• Market: Hamilton
• Asset Size: 485,094 SF
• Price per Square Foot: $206
• Buyer: Paramount Realty
• Seller: SITE Centers
• Broker Representatives: Brad Nathanson & JP Colussi - Institutional Property Advisors - Marcus & Millichap

Paramount Realty acquired the asset, marking the largest shopping center transaction in New Jersey since 2017. The deal was facilitated by brokers Brad Nathanson and JP Colussi from Marcus & Millichap, representing the buyer in this significant retail acquisition.