Waldorf, MD (Mar. 15, 2023) – First National Realty Partners (“FNRP”) today announced the addition of Waldorf Marketplace to its grocery-anchored property portfolio. The purchase of the 359,484 SF asset reflects the vertically integrated real estate investment firm’s rapid expansion in Maryland as it continues its nationwide growth.
Waldorf Marketplace is anchored by a 58,092 square-foot, market dominant Safeway grocery store, a subsidiary of Albertsons, which has been a tenant since 2005. In addition to Safeway, the center features a high-quality mix of national and regional retailers including Hobby Lobby, Jared, Petco, Starbucks, Wells Fargo, Red Robin, TGI Fridays, Bath & Body Works and Famous Dave’s. The remaining vacant space in the center provides meaningful upside potential for First National Realty Partners to drive value by way of increased occupancy levels and enhanced cash flow.
Located in a densely populated retail corridor near Washington DC, Waldorf is considered the gateway to Charles County — one of the wealthiest residential areas in the United States. With an estimated 50% of the county’s population and 60% of its businesses in the Waldorf region, Waldorf Marketplace benefits from a well-positioned location along the highly trafficked intersection of Western Parkway and Berry Road.
The addition of Waldorf Marketplace brings the total number of properties owned by FNRP in the DMV-Metropolitan to four (4) total. Previous acquisitions include Brandywine Crossing, Haymarket Village Center, and the Promenade at Manassas.
FNRP provides accredited investors with access to real estate assets that traditionally have been available only to institutional investors. Specializing in grocery-anchored, necessity-based retail product, FNRP sources opportunities both on and off-market nationwide. From acquisition to disposition, FNRP oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas. Learn more at www.fnrpusa.com.
Disclaimer: An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate; to include representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions are not guaranteed.
Get instant access to all of our current and past commercial real estate deals.