Red Bank-based real estate investment firm First National Realty Partners (FNRP) is adding a Pennsylvania shopping center anchored by Aldi supermarket to its rapidly expanding national portfolio.

In a press release Monday, FNRP announced the purchase of Richland Marketplace, a 162,000-square-foot market-dominant open-air center in Quakertown, Pa.

Along with the 17,000-square-foot Aldi, the property includes a strong mix of national retailers, such as Best Buy, PetSmart, Planet Fitness, Staples, Ulta, Visionworks, Sally Beauty and Skechers. It has 11,400 square feet of available space, according to FNRP.

Matt Annibale, senior director of acquisitions, described Richland Marketplace as “an exceptional opportunity” for the firm to expand its presence in the Lehigh Valley, a regional market that he said has undergone “significant transformation over the past decade.”

“With its proximity to employment centers and the Philadelphia suburbs, the Quakertown area is poised to continue on a trajectory of substantial growth,” said Annibale, noting the acquisition aligns with FNRP’s strategy of targeting grocery-anchored retail centers in primary and key secondary markets.

Richland Marketplace is FNRP’s sixth purchase in Pennsylvania and second in the Allentown metropolitan area.

The firm’s portfolio in the Keystone State includes Saucon Valley Square in Bethlehem, as well as Dauphin Plaza in Harrisburg, Summerdale Plaza in Enola, Penn Hills Shopping Center in Pittsburgh and Village at Pittsburgh Mills in Tarentum.

According to FNRP, Colin Behr and Chris Munley of JLL represented the seller in the transaction.