Red Bank-based First National Realty Partners (FNRP) on Sept. 23 announced it acquired City Center Crossing, a grocery-anchored shopping center in Georgia – just 16 miles north of downtown Atlanta.
Located at 6331 Roswell Road in Sandy Spring, City Center Crossing is a 98,408-square-foot shopping center that is 77% occupied and anchored by a 27,858-square-foot Lidl Supermarket that opened in May 2020.
“We are extremely excited to not only acquire our first asset in the Atlanta Market but to also add Lidl to our portfolio, one of the most rapidly growing grocers in the country,” said Matt Annibale, senior director of acquisitions at First National Realty Partners. “The remaining vacancy in the center will provide significant upside for our investors.”
FNRP is a leading vertically integrated real estate investment firm focused on acquiring institutional-quality commercial real estate throughout the United States. Earlier this month the firm acquired a market-dominant 111,152-square-foot shopping center in Ohio that is 94.1% occupied and anchored by a Dave’s Supermarketa high-performing Ohio-based grocery store chain. Prior to that FNRP acquired another Ohio shopping center and two others earlier in the year, one in New York and one in Tennesee.
FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors.