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We are pleased to announce the acquisition of Cedar Center South, a grocery-anchored shopping center located at 13908-13998 Cedar Road, University Heights, OH. Cedar Center South is a 138,881 SF, 91% occupied, market-dominant shopping center that features a 45,282 SF Whole Foods. The property is located approximately 9 miles east of downtown Cleveland and adds a secure and growing income stream to FNRP’s rapidly growing portfolio of premier real estate assets throughout the United States.
“We are very excited to be adding another high-performing Whole Foods-Anchored Center to the portfolio”, said Matt Annibale, Director of Acquisitions at First National Realty Partners. “Cedar Center South is located in a dense, high income suburb of Cleveland and is co-anchored by high-quality, essential, daily needs tenants including CVS, Dollar Tree, and Boston Market. 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.”
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