Montgomery, AL – (Feb. 7, 2025) – First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, has acquired Country Club Centre, a premier grocery-anchored retail center located in Montgomery, Alabama. This acquisition marks FNRP’s fifth property in the state, underscoring the firm’s continued investment in thriving Sun Belt markets.
Country Club Centre is 85% leased and anchored by a high-performing 35,922-square-foot Winn-Dixie. The center features a diverse mix of national and local tenants, including Dollar Tree, Wingstop, Subway, Stay Classy Boutique, and Pro Nails. With opportunities to enhance occupancy and optimize the tenant mix, the property is well-positioned for future growth.
“We are pleased to expand our presence in Alabama with the acquisition of Country Club Centre,” said Stuart Brackenridge, Vice President of Acquisitions at First National Realty Partners. “Opportunities to acquire value-add, grocery-anchored centers in strong Sun Belt markets are rare, and we’re excited to enhance the property’s potential through strategic leasing and management.”
The center is situated on Carter Hill Road, the region’s major east-west thoroughfare with over 29,800 vehicles passing daily. It is located in the Old Cloverfield submarket, a historic neighborhood that boasts some of the highest household income demographics in the county. Within a 3-mile radius, the population exceeds 71,000 people with average household incomes approaching $75,000.
Gary Chou with Berkley Capital Advisors represented the seller in this transaction.
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About First National Realty Partners
FNRP provides accredited investors with access to institutional quality commercial real estate, specializing in necessity-based real estate nationwide: grocery-anchored retail, multifamily, and industrial. From acquisition to disposition, FNRP oversees the entire investment lifecycle through its in-house vertically integrated platform, leveraging top talent in legal, acquisitions, leasing, and other key areas. For more information, visit www.fnrpusa.com.
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Contact:
Jessica DeMarino
