November 10, 2020
First National Realty Partners Completes Acquisition of Lemont Village Square
FNRP Completes Acquisition of a Tesla Sales and Service Center
Red Bank, New Jersey
We are pleased to announce the acquisition of a 23,164 sf Tesla Sales and Service Center located at 50 West Ogden Avenue in Westmont, IL. The property was acquired in a brokered transaction and adds another well-located asset to the firm’s growing portfolio of premier…
First National Realty Partners Hires General Counsel
Red Bank, New Jersey
We are pleased to announce that Zain A. Naqvi has joined the team as General Counsel. Zain A. Naqvi will be overseeing all legal matters as it relates to sales, acquisitions, leasing and financing of FNRP’s portfolio of office and retail properties. Mr. Naqvi brings over a…
First National Realty Partners Hires Chief Operating Officer
Red Bank, New Jersey
We are pleased to announce that Kurt Padavano has been named Chief Operating Officer. With over 30 years of commercial real estate experience, Kurt provides the leadership to the operating company and functional areas within the enterprise. His experience includes all…
First National Realty Partners Hires EVP of Leasing
Red Bank, New Jersey
We are pleased to announce that Sam Collier has been named EVP of Leasing and National Accounts. Collier has more than 15 years of experience in value creation of retail commercial real estate assets, including more than a decade of strategic leasing and redevelopment of…
First National Realty Partners Hires Director Of Acquisitions
Red Bank, New Jersey
We are pleased to announce that Matt Annibale has joined the team as Director of Acquisitions. In his previous position at ShopOne Centers, Mr. Annibale was responsible for overseeing acquisitions and dispositions of the entire portfolio. He is well versed in generating, maintaining…
FNRP Completes Acquisition of ShopRite in Uniondale, NY
Uniondale, New York
We are pleased to annouce the acquisition of a 60,896 square foot Single Tenant ShopRite located at 1121 Jerusalem Avenue in Uniondale, NY. The property was acquired in a brokered transaction and adds another well-located asset to the firm’s growing portfolio of premier real estate assets…
First National Realty Partners Expands Accounting Department
Red Bank, New Jersey
We are pleased to announce that Lily Choy has joined the team as Head of Property Accounting. As Head of Property Accounting, Lily will be responsible for overseeing the accounting for the firm’s quickly growing commercial real estate portfolio. Lily comes to FNRP with over 25 years of experience in corporate…
First National Realty Partners Expands Asset Management Team
Red Bank, New Jersey
We are pleased to announce that Alexander Vitro has joined the team as the Head of Asset Management. In his role, Alex will be responsible for overseeing the firm’s internal property management, leasing and accounting teams as well as the direction of the firm’s overall property strategy. Alex is a…
First National Realty Partners Completes Acquisition of The Coastal Building
Red Bank, New Jersey
We are pleased to announce the acquisition of The Coastal Building, a Class A, 29,178 square foot trophy office building located directly on the prestigious Navesink River in fast-growing Red Bank, NJ. The property was acquired in an off-market transaction and adds another high-quality asset to the firm’s…
First National Realty Partners Completes Acquisition of Walmart-Anchored Center
Hamilton, New Jersey
We are pleased to announce the acquisition of The Court at Hamilton, a 194,000 square foot Walmart-anchored retail center located in Hamilton, NJ. The property was acquired in an off market transaction and adds another high quality asset to the firm’s growing portfolio of premier real estate assets throughout…
First National Realty Partners Completes Acquisition of Kimberly Crossing
Davenport, Iowa
We are pleased to announce the acquisition of the 90,267 square foot grocery-anchored neighborhood retail center, Kimberly Crossing for a purchase price of $12,250,000. Kimberly Crossing is a well located, internet resistant, grocery-anchored neighborhood shopping center located at…
First National Realty Partners Completes Acquisition of Haymarket Village Center
Haymarket, Virginia
We are pleased to announce the acquisition of the Haymarket Village Center, a 256,856 square foot retail center, for a purchase price of $34,500,000 million. The regional shopping destination located along John Marshall Highway at the intersection of I-66 and US-15/501 offers the…
First National Realty Partners Completes Acquisition of Ashland Shopping Center
Ashland, Virginia
We are pleased to announce the acquisition of the Ashland Hanover Shopping Center, a 226,665 square foot retail center, for a purchase price of $17,750,000. The dominant grocery-anchored retail center is located at 251 North Washington Highway, Ashland, Virginia at the intersection…
First National Realty Partners Completes $45M Acquisition of Carriage Place Shopping Center
Columbus, Ohio
We are pleased to announce the acquisition of the Carriage Place Shopping Center, a 280,910 square foot retail center, for a purchase price of $45 million. The asset is currently 89% occupied and offers a diverse mix of service-oriented tenants to the local community…
First National Realty Partners Completes Acquisition of Lee Harvard Shopping Center
Cleveland, Ohio
We are pleased to announce the acquisition of the 204,526 square foot grocery-anchored neighborhood retail center, Lee Harvard Shopping Center, for a purchase price of $18.3 million, or $90 per foot, approximately less than one-half of replacement cost The Lee Harvard Shopping Center located at 4071…
Q&A with Anthony Grosso, Co-Founder & Managing Principal, of First National Realty Partners
Building Private Equity Success
Four and a half years ago Anthony Grosso co-founded First National Realty Partners in suburban New Jersey. Today, his private equity firm has a team of over 20 professionals and manages a substantial portfolio of retail, office, industrial and multifamily assets. From building a private equity firm from scratch to finding the…
New Owner for Lake Street Plaza in Penn Yan
Penn Yan, New York
According to Steve Griffin, CEO of the Finger Lakes Economic Development Center (FLEDC, Yates County’s sole Industrial/Economic Development Organization), the Lake Street Plaza, located at 220 Lake St. in Penn Yan, is changing ownership. The parent company of Penn Yan LLC, operating out..
New Jersey Investment Firm Buys Penn Hills Shopping Center
Penn Hills, Pennsylvania
We are pleased to announce the acquisition of the Penn Hills Shopping Center, a 276,000 square foot neighborhood retail center for a purchase price of $18 million, approximately one-fourth of replacement cost. The thriving neighborhood retail center located at 230 Rodi Road in Penn Hills, Pennsylvania…
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