First National Realty Partners Expands Grocery-Anchored Center Portfolio in New Jersey

We are pleased to announce the acquisitions of Eagle Plaza. Located at 700 Haddonfield-Berlin Road, the market-dominant open-air center is anchored by 66,500-square-foot Acme grocery store. A tenant at the site since 1981, Acme is a subsidiary of Albertsons, the second largest grocery chain in North America with over 2,250 stores. Eagle Plaza’s tenant roster also features a strong mix of national and regional retailers and service providers, including Ross, Wine Warehouse, Mattress Firm, T-Mobile, Chipotle, H&R Block, Allstate, Sherwin Williams, and South Jersey Federal Credit Union.

Eagle Plaza is located in a densely populated retail corridor approximately 15 miles east of downtown Philadelphia. The property is situated along the region’s dominant north-south thoroughfare, which sees combined traffic of over 45,000 vehicles a day. With proximity to Philadelphia and several of its affluent suburbs, Voorhees Township boasts a population of over 80,000 – with an average household income of over $120,000 dollars – within a three-mile radius.

“Eagle Plaza is an essential neighborhood shopping destination that offers an outstanding opportunity for FNRP to expand our footprint in the New Jersey market,” said Matt Annibale, senior director of acquisitions. “With a highly affluent demographic and proximity to Philadelphia, Voorhees is a perfect fit for our portfolio. And the approximately 67,800 square feet of available space provides significant upside potential by way of increased occupancy and cash flow.”

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