AMC-Anchored Route 10 Retail Center Sells for $13.75 Million

EAST HANOVER — A Route 10 retail and entertainment center anchored by AMC East Hanover 12 has been sold for $13.75 million, according to reports citing RIPCO Real Estate.

The property, located at 145 Route 10, totals approximately 70,549 square feet and sits on more than 15 acres along one of Morris County’s busiest commercial corridors. The center is home to AMC Theatres, Chuck E. Cheese, GolfTec, Nielsen Dodge Chrysler Jeep, and an AT&T cell antenna tenant.  

RIPCO Real Estate had marketed the property as a fully occupied shopping center with stable cash flow and strong visibility along Route 10. The property was originally listed with an asking price of $14.25 million.  

The AMC East Hanover 12 theater includes 12 auditoriums and is one of the center’s primary draws. The property also includes more than 800 parking spaces, including both structured garage and surface parking.  

According to RIPCO’s marketing materials, Route 10 sees more than 35,000 vehicles per day, making the corridor a major retail destination in Morris County. The site is also near several large-scale redevelopment projects, including the former Novartis campus, where new industrial, logistics, life sciences, and office-related uses are taking shape.  

RIPCO brokers Seth Pollack and Nina Becker handled the transaction, representing the seller and sourcing the buyer, according to published reports. The buyer was not publicly identified.  

The sale highlights continued investor interest in well-located Morris County retail properties, particularly along Route 10, where entertainment, dining, automotive, office, and redevelopment activity continue to shape the commercial corridor.