First National Realty Partners (“FNRP”)has completed the acquisition of two retail shopping locations. The company announced that it has acquired Premier Canton, a grocery-anchored shopping center in Canton, Michigan, and Southland Crossings, a grocery-anchored shopping center located in Boardman, Ohio. A 164,781 square-foot shopping center, Premier Canton is 88% occupied with a Kroger Supermarket being the anchor business. The 245,678 square-foot Southland Crossings shopping center is FNRP’s seventh grocery-anchored acquisition in Ohio and is anchored by a 77,000-plus square-foot Giant Eagle Supermarket. Both properties are strong additions to FNRP’s rapidly growing portfolio of premier real estate assets throughout the United States. “We are excited to acquire Southland Crossings and add Giant Eagle to our portfolio,” said First National Realty Partners senior director of acquisitions Matt Annibale in the press release. “In addition to having high-performing junior anchor tenants including Ross, PetSmart, DSW, and Michaels, Southland Crossings is shadow anchored by Lowe’s and Walmart, who help drive foot-traffic to the center.”
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About First National Realty Partners LLC
First National Realty Partners is a leading vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States. The company is an active, opportunistic and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors. For more information about the company, please visit www.FNRPUSA.com.
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