Retail Value Inc. has closed on the sale of Hamilton Commons in Mays Landing, New Jersey for $60 million. Net proceeds equal to 105% of the property’s allocated loan amount were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash.

Subsequent to the transaction, Beachwood-based RVI owns interests in 15 properties located in the continental U.S. and 12 properties in Puerto Rico.