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Hamilton Marketplace

Hamilton Marketplace Sale Allows Grosvenor to Reallocate Capital

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.

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Mark Purdy

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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