FNRP Completes Acquisition of Kimberly Crossing

Davenport, Iowa

Redbank, NJ — First National Realty Partners, LLC. (FNRP), a vertically integrated, privately held real estate investment company and family of real estate funds, announced 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 2100 E. Kimberly Road, Davenport, Iowa 52807. Kimberly Crossing is 98% occupied and more than 94% of the tenants are national tenants. The asset was built in 1980 and redeveloped from 2016 to 2017.

Key tenants at the center include Fresh Thyme, Planet Fitness, Dollar General, Qdoba, Salon Centric, Vision 4 Less and many more.

“We think this asset has a great tenant synergy and is well located in the market. We plan on acquiring more assets in this market and serving the community for many years to come,” said Chris Palermo, Co-Founder and Managing Principal.

###

About First National Realty Partners, LLC 

Sam Perrelli
125 Half Mile Road Suite 207
Red Bank NJ, 07701

Sign Up

Get Access
to Our CRE Deal Flow

Get instant access to all of our current and past commercial real estate deals. 

Latest News

August 28, 2023

First National Realty Partners Acquires Stop & Shop-Anchored Center in Windsor, CT

Windsor, CT

August 28, 2023

First National Realty Partners Acquires Stop & Shop-Anchored Center in Windsor, CT

Windsor, CT

August 24, 2023

First National Realty Partners Adds Gabe’s to Shopping Center Portfolio

St. Charles, MO

August 24, 2023

First National Realty Partners Adds Gabe’s to Shopping Center Portfolio

St. Charles, MO

July 27, 2023

First National Realty Partners Acquires Grocery-Anchored Center Portfolio in Georgia

Atlanta, Georgia

July 27, 2023

First National Realty Partners Acquires Grocery-Anchored Center Portfolio in Georgia

Atlanta, Georgia

commercial real estate deals
Please enter your email address to access Deal Lobby Content.