Grosvenor Americas originally developed Hamilton Marketplace at 5800 Nave Dr. in 2008. At that time, it was one of the first centers in North America to use solar energy to power its community space.

The open-air community shopping center in Novato recently sold for an undisclosed purchase price.

“As the original developer, Grosvenor maintained pride of ownership during its 13-year investment throughout the evolution of Northern Marin,” said Mark Purdy, senior vice president, investment with Grosvenor Americas. “This sale provides us the opportunity to reallocate capital and expand our placemaking through reinvestment in the San Francisco Bay Area.”

Hamilton Marketplace is a grocery-anchored shopping center adjacent to the freeway where approximately 173,300 vehicles pass daily. Anchored by Safeway, the 90,769-square-foot Hamilton Marketplace is 100 percent occupied. The retail mix offers both essential and daily needs of the local resident. Other lifestyle tenants include Pet Food Express, Super Duper, Peet’s Coffee, Wells Fargo, Toast Restaurant and Cycle Bar.

Nicholas Bicardo with Newmark represented Grosvenor in the transaction.