First National Realty Partners Expands Grocery-Anchored Center Portfolio in Pennsylvania

We are pleased to announce the acquisitions of Dauphin Plaza. Situated on 3812 Union Deposit Road, the market-dominant open-air center is anchored by a 33,500 square-foot Price Rite grocery store. A tenant at the site since 2006, Price Rite is a subsidiary of Wakefern Food Corporation, the largest supermarket cooperative in the United States. Dauphin Plaza’s tenant mix also features a strong mix of national retailers, including Big Lots, Ashley Furniture, Crunch Fitness, Dollar General, Waffle House, Subway, Weight Watchers, and H&R Block.

Dauphin Plaza sits in a densely populated retail corridor approximately three miles east of downtown Harrisburg. Union Deposit Road has a daily traffic count of over 19,000 vehicles and is directly adjacent to the I-83 interchange, with a daily traffic count of over 90,000 vehicles. The market boasts a population of more than 183,000 people within a five-mile radius of the property; that number is projected to grow by almost 2% in the next five years.

“Dauphin Plaza offers an outstanding opportunity for FNRP to expand our footprint in the Pennsylvania market where we have an established a track record of success,” said FNRP’s Matt Annibale, Senior Director of Acquisitions. “The remaining 8,200 square feet of available space provides meaningful upside potential by way of increased occupancy and cash flow.