MAYS LANDING, NJ — Time Equities Inc. (TEI), a full-service New York City-based real estate firm, has announced its largest acquisition of the year with the $60 million purchase of Hamilton Commons, a 403,050 s/f power center located in Mays Landing. The firm, which remains bullish on retail, specifically open-air strip and power centers, has grown its portfolio to include 121 retail assets. The complex, located at 190 Hamilton Commons Dr., was purchased from national real estate investment trust Retail Value, Inc.
“We know retail, and over the course of the past five years, increased our portfolio by 35 retail assets. We continue to expand nationally as we build up our retail platform in various secondary and tertiary markets,” said Ami Ziff, director, National Retail for TEI. “We continue to strategically add to our retail holdings across the United States and plan to sustain this robust level of growth for the next several years.”