We are pleased to announce the acquisitions of McAlpin Square. Situated on 1900 E Victory Drive, Savannah, GA 31404, The center is anchored by a 43,600 square-foot Kroger, one of the original tenants at the center, which opened in 1980. Kroger operates a branded onsite fuel center, reinforcing its commitment to the property and driving increased traffic to benefit its co-tenants. McAlpin Square’s national retailers include Big Lots, Goodwill, US Postal Service, Family Dollar, Rainbow, Rent-A-Center, Subway, Domino’s, and GameStop.
Matt Annibale, Senior Director of Acquisitions, the McAlpin Square acquisition aligns with FNRP’s strategic nationwide expansion targeting premier open-air retail centers in primary and key secondary markets. FNRP’s additional Georgia properties, all located in the Atlanta Metro market, include City Center Crossing in Sandy Springs, Crossroads South in Jonesboro, and Crowes Crossing in Stone Mountain.
“McAlpin Square provides a perfect opportunity for FNRP to expand our Georgia portfolio while establishing a presence in one of the southeast’s leading coastal markets,” said Matt Annibale, senior director of acquisitions. “This market-dominant shopping center has retained its anchor tenants for an average of 21 years, and the property’s unrivaled location has great synergy in an expanding marketplace,” Annibale added that the center’s 5,600 square feet of available space provide significant upside potential by way of increased occupancy and cash flow.
Get instant access to all of our current and past commercial real estate deals.