INDIANAPOLIS, Ind. (Oct. 20, 2022) — First National Realty Partners, LLC (FNRP) today announced the addition of Southern Plaza in Indianapolis to its grocery-anchored shopping center portfolio. This 268,000-square-foot asset marks the vertically integrated real estate firm’s expansion in Indiana and continues its nationwide growth in the open-air retail property sector.
Southern Plaza is anchored by a 59,500-square-foot Kroger supermarket. A tenant at the center since 1990, Kroger recently updated its storefront and renovated the store’s interior. The market-dominant center’s tenant roster also includes Ross, Harbor Freight, Oak Street Health, Goodwill, Rue 21, Qdoba, Cosmo Prof, BMO Bank, and Sally Beauty.
“Southern Plaza is situated approximately five miles south of the largest city in the state of Indiana and the second largest city in the Midwest, said FNRP’s Matt Annibale, senior director of acquisitions. “The property’s strategic location and e-commerce resistant tenant mix offer an exceptional opportunity to expand in a dense and growing market. And the remaining vacancy in the center provides meaningful upside potential by way of increased occupancy and cash flow.”
The center is located directly off Interstate 465, an eight-lane expressway that sees daily average traffic counts of over 92,000 vehicles. It serves a population of more than 216,000 people, with an average household income of approximately $61,000, within a 5-mile radius of the property.
John May of Prodigy Real Estate Group represented the seller in the Southern Plaza transaction.
FNRP’s Indiana portfolio also includes Whitehall Plaza in Bloomington. The Red Bank, N.J.-based firm provides everyday 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, the company oversees the entire investment lifecycle 100% in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas to ensure its properties achieve maximum value and partners realize exceptional, risk-adjusted returns.
###
About First National Realty Partners, LLC
151 Bodman Place, Suite 201, Red Bank, NJ 07701
For all media inquiries,
Contact:
NOTICE: 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. Any offer of a security may be made to accredited investors only pursuant to Rule 506(c) of the U.S. Securities Act of 1933, as amended (the “Act”), by an authorized representative by delivery of a complete copy of an offering memorandum including all exhibits. By using this website, accessing any material contained on this website, registering, requesting a password, or by clicking a “submit” button or the like, I hereby acknowledge, agree and warrant, under penalty of law, that (1) I am an “accredited investor” as defined by Rule 501(a) of the Act; (2) I can provide the required documentation to establish my status as an accredited investor and (2) my typed name on the electronic registration form, if submitted, is my electronic signature and is the legally binding equivalent to my manual handwritten signature.
The information contained herein, including text, graphics, images and information, is general in nature and is for informational and illustration purposes only.
FNRP makes no representations or warranties of any nature whatsoever regarding any tax matters, including, without limitation, the ability of an investor to invest in FNRP with its specific self-directed IRA vehicle. The investor should independently obtain advice from his or her own independent legal counsel and/or tax accountant and/or IRA servicer regarding any such investment and the tax benefits and burdens associated with same.
*All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within are the property of their respective trademark holders. None of the trademark holders are affiliated with FNRP.
Copyright ©2025. FNRP. All Rights Reserved
