Atlanta, GA (July 27, 2023) – First National Realty Partners (“FNRP”), a national private equity commercial real estate firm, today announced the additions of Village Shoppes of East Cherokee in Woodstock, GA and Cherokee Commons in Acworth, GA to its grocery-anchored shopping center portfolio. The addition of these assets strengthens the vertically integrated real estate firm’s presence in Atlanta and continues its nationwide growth in the open-air retail property sector.
Village Shoppes of East Cherokee is a 123,783-square-foot asset anchored by a 44,840-square-foot Publix, which has been a tenant since 2003. Publix is the second largest grocer by market share in the state of Georgia, with nearly 1,300 locations nationwide. The center’s high-quality tenant roster includes Dollar Tree, Workout Anytime, Huntington Learning Center, and Subway.
Cherokee Commons is a 103,835-square-foot asset anchored by a 66,918-square-foot Kroger, which has been a tenant since 1986. Kroger is the largest supermarket chain by market share in the state and the U.S. Over its 30 years of tenure, Kroger has evolved via several notable expansions, showcasing the company’s commitment to the location. The center’s tenant roster features a mix of national retailers, including Pet Supplies Plus, CosmoProf, Fit Body Boot Camp, and Jackson Hewitt.
“Village Shoppes of East Cherokee and Cherokee Commons offer FNRP the opportunity to strengthen our footprint in the Atlanta MSA,” said Matt Annibale, senior director of acquisitions. “Atlanta is the hub and economic engine of the Southeast, the fastest growing region in the U.S. Both centers benefit from the area’s high growth market and affluent demographics.”
Village Shoppes of East Cherokee and Cherokee Commons are situated approximately seven miles apart from one another and 30 miles north of downtown Atlanta. They are well-positioned in the market and serve a highly captive trade area. Within a five-mile radius, the average population boasts over 159,000 with the average household income of $103,000.
Matt Karempelis of CBRE represented the seller in the transactions.
FNRP provides accredited investors with access to institutional quality commercial real estate assets specializing in necessity-based real estate: grocery-anchored retail, multi-family, and industrial and sourcing opportunities both on and off-market nationwide. From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas. For more information, visit www.fnrpusa.com.
Disclaimer: An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions are not guaranteed.
###
Contact:
Jessica DeMarino
For all media inquiries,
Contact:
NOTICE: An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. *Cash distributions are not guaranteed. Any offer of a security may be made to accredited investors only pursuant to Rule 506(c) of the U.S. Securities Act of 1933, as amended (the “Act”), by an authorized representative by delivery of a complete copy of an offering memorandum including all exhibits. By using this website, accessing any material contained on this website, registering, requesting a password, or by clicking a “submit” button or the like, I hereby acknowledge, agree and warrant, under penalty of law, that (1) I am an “accredited investor” as defined by Rule 501(a) of the Act; (2) I can provide the required documentation to establish my status as an accredited investor and (2) my typed name on the electronic registration form, if submitted, is my electronic signature and is the legally binding equivalent to my manual handwritten signature.
This website and the materials contained herein may include “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are not statements of historical fact, and may include, without limitation, projections, forecasts, estimates, business strategies, anticipated financial performance, expected property performance, market conditions, and other statements regarding future events or developments. Forward-looking statements are based on current expectations, assumptions, and beliefs about future events and are subject to risks, uncertainties, and other factors, many of which are beyond the control of FNRP. Actual results, performance, or achievements may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, among others, changes in economic conditions, market trends, tenant demand, interest rates, capital availability, regulatory developments, competitive conditions, adverse publicity, regulatory actions or litigation with respect to FNRP, and other risks inherent in real estate investment. Except as required by law, FNRP undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances, changes in assumptions, or unanticipated occurrences.
The information contained herein, including text, graphics, images and information, is general in nature and is for informational and illustration purposes only.
FNRP makes no representations or warranties of any nature whatsoever regarding any tax matters, including, without limitation, the ability of an investor to invest in FNRP with its specific self-directed IRA vehicle. The investor should independently obtain advice from his or her own independent legal counsel and/or tax accountant and/or IRA servicer regarding any such investment and the tax benefits and burdens associated with same.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within are the property of their respective trademark holders. None of the trademark holders are affiliated with FNRP.
Copyright ©2025. FNRP. All Rights Reserved