Kamson Corporation Acquires Property From Sharbell Hamilton Inc. For $48.2 Million In Mc Gregor

The property involved in the transaction is located at 1100 Talbot Way, Hamilton Township, within the Mc Gregor market. The deal was valued at $48,200,000.00. The asset comprises 166 apartments, with an agreement for the construction of an additional 63 units. The property has been utilized as active adult luxury condominiums since completion between 2008 and 2014.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,200,000.00
• Buyer: Kamson Corporation
• Seller: Sharbell Hamilton Inc.
• Buyer's Representative: Jason Pucci & Jeffrey Wiener - The Kislak Co.
• Seller's Representative: Justin Lupo - The Kislak Co.
• Additional Representation for Seller: Michael Mann and Cynthia Anne DeLisi of Pepper Hamilton LLP
• Additional Representation for Buyer: Allen Popowitz and Jeffrey Itzkowitz of Brach Eichler LLC
• Financing arranged by: Augustus Larson of Larson Capital LLC
• Current occupancy status: Fully occupied with a waiting list
• Number of existing units: 166
• Number of planned units: 63
• Initial construction phases completed: 2008 to 2014

The deal was brokered by The Kislak Co. Inc., which represented both the buyer and seller. Jason Pucci and Jeffrey Wiener acted as representatives for Kamson Corporation while Justin Lupo represented Sharbell Hamilton Inc. This transaction marked Kislak's 63rd deal with Kamson, showcasing a history of collaboration between the companies. The transaction was part of a 1031 exchange for the buyer, Kamson Corporation.