First National Realty Partners Acquires First Grocery-Anchored Center in Connecticut
NEWTOWN, Conn., April 21, 2022 /PRNewswire-PRWeb/ -- Vertically integrated real estate investment firm First National Realty Partners, LLC (FNRP) today announced the addition of Sand Hill Plaza in Newtown to its rapidly expanding grocery-anchored shopping center portfolio. This 163,500-square-foot asset marks the Red Bank, N.J.-based firm's first acquisition in the Connecticut market and continues its strategic nationwide expansion targeting premier open-air retail centers in primary and key secondary markets.
- NEWTOWN, Conn., April 21, 2022 /PRNewswire-PRWeb/ -- Vertically integrated real estate investment firm First National Realty Partners, LLC (FNRP) today announced the addition of Sand Hill Plaza in Newtown to its rapidly expanding grocery-anchored shopping center portfolio.
- Located at 228 South Main Street, Sand Hill Plaza is anchored by a 61,450-square-foot Stop & Shop grocery store.
- "Sand Hill Plaza offered an outstanding opportunity for FNRP to establish a presence in Connecticut," said Stephen Joseph, director of acquisitions.
- The center serves a growing population of more than 42,000 with an average household income of $164,000 within a five-mile radius of the property.