Whitehall Plaza, Indiana. – FIRST NATIONAL REALTY PARTNERS
Red Bank-based First National Realty Partners (FNRP) said July 12 that it acquired Whitehall Plaza, a grocery-anchored shopping center located at 500 S. Liberty Drive in Bloomington, Ind.
Whitehall Plaza is a market dominant 172,485-square-foot shopping center that is 91.8% occupied and anchored by a 62,426-square-foot Kroger. The property is located approximately 3 miles west of downtown Bloomington and adds a secure and growing income stream to FNRP’s rapidly growing portfolio of premier real estate assets throughout the United States.
“Whitehall Plaza is a prime example of a daily needs shopping center that is anchored by a top-performing, best-in-class Kroger Grocery Store,” said Matt Annibale, director of acquisitions at First National Realty Partners.
“Complimenting Kroger at the site are key national tenants including Planet Fitness, JoAnn, Regions Bank, and Freddy’s Frozen Custard and Steakburgers,” he continued. “The stable in-place cash flows coupled with the potential to increase value through lease-up of the remaining vacancies makes this a very attractive acquisition for FNRP and our investors.”
