Press Releases
Marcus & Millichap Facilitates $8.34 Million Sale of Quakerbridge Shoppes in New Jersey
January 30, 2025
HAMILTON TOWNSHIP, N.J., Jan 30, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Quakerbridge Shoppes, a 42,912-square-foot multi-tenant retail center located at 3800 Quakerbridge Road in Hamilton Township, New Jersey, for $8,336,000.
“This center had small-footprint stores and below-market rents, allowing the new owner to increase the value of the shopping center,” said Alan Cafiero, senior managing director investments. “In addition, the center was well-positioned within the market at a hard-corner, traffic-light intersection with high visibility.”
Cafiero and Brent Hyldahl, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Located on 5.13 acres at a signalized intersection, Quakerbridge Shoppes features 18 tenants, including Northfield Bank and Villa Maria’s Restaurant. The property is in a retail corridor near national retailers such as TD Bank, FedEx, and Costco, and is just two miles from the Quaker Bridge Mall. The area boasts strong demographics, with an average household income of more than $139,000 within one mile and more than 33,000 vehicles passing the intersection daily.
“This center had small-footprint stores and below-market rents, allowing the new owner to increase the value of the shopping center,” said Alan Cafiero, senior managing director investments. “In addition, the center was well-positioned within the market at a hard-corner, traffic-light intersection with high visibility.”
Cafiero and Brent Hyldahl, investment specialists in Marcus & Millichap’s New Jersey office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Located on 5.13 acres at a signalized intersection, Quakerbridge Shoppes features 18 tenants, including Northfield Bank and Villa Maria’s Restaurant. The property is in a retail corridor near national retailers such as TD Bank, FedEx, and Costco, and is just two miles from the Quaker Bridge Mall. The area boasts strong demographics, with an average household income of more than $139,000 within one mile and more than 33,000 vehicles passing the intersection daily.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
