QUAKERTOWN, Pa., (Oct. 3, 2022) — Vertically integrated real estate investment firm First National Realty Partners, LLC (FNRP) just announced the addition of Richland Marketplace in Quakertown to its rapidly expanding, grocery-anchored shopping center portfolio. This 162,000-square-foot asset marks the nationally focused, Red Bank, N.J.-based firm’s sixth purchase in Pennsylvania and second in the Allentown Metro area.
The market-dominant open-air center is anchored by a 17,000-square-foot Aldi grocery store. A tenant at the site since it was constructed in 2009, Aldi is a privately owned, German-based discount supermarket brand with over 2,000 locations across 36 states and 11,000 stores globally. Richland Marketplace’s tenant roster also features a strong mix of national retailers, including Best Buy, PetSmart, Planet Fitness, Staples, Ulta, Visionworks, Sally Beauty, and Skechers. The remaining 11,400 square feet of available space provides meaningful upside potential by way of increased occupancy and cash flow.
“Richland Marketplace offers FNRP an exceptional opportunity to expand our presence in the Lehigh Valley, a regional market that has undergone a significant transformation over the past decade,” said Matt Annibale, senior director of acquisitions. “With its proximity to employment centers and the Philadelphia suburbs, the Quakertown area is poised to continue on a trajectory of substantial growth.”
Annibale noted that the purchase aligns with FNRP’s strategic nationwide expansion targeting premier grocery-anchored retail centers in primary and key secondary markets. The firm’s Pennsylvania portfolio also includes Saucon Valley Square in nearby Bethlehem, as well as Dauphin Plaza in Harrisburg, Summerdale Plaza in Enola, Penn Hills Shopping Center in Pittsburgh and Village at Pittsburgh Mills in Tarentum.
Richland Marketplace is situated 12 miles south of Allentown on Route 309, a major north/south thoroughfare with access to many of Philadelphia’s affluent suburbs. A population of more than 209,000 people with average household incomes exceeding $107,000 lives within a 10-mile radius of the property.
Colin Behr and Chris Munley of JLL represented the seller in the Richland Marketplace transaction.
FNRP 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, the firm 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 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
