#United States #LED Lighting #FNRP #Fountain Hills #Fountain Hills, Arizona

First National Realty Partners Upgrades Fountain Hills Plaza with Energy-Efficient Lighting

First National Realty Partners (FNRP), a prominent player in the private equity commercial real estate sector, has recently undertaken substantial improvements at Fountain Hills Plaza located in Fountain Hills, Arizona. This transformative project not only enhances operational efficiency but also underscores FNRP's commitment to sustainability and community engagement.

The completed lighting upgrade involves the installation of warm-colored, 3000 Kelvin LED fixtures that are fully shielded and aimed downward, adhering to the standards set forth by Fountain Hills, designated as a Dark Sky Community. This designation reflects the community's dedication to preserving the natural night sky and minimizing light pollution. By utilizing these energy-efficient LED lights, FNRP effectively illuminates walkways, drive aisles, and storefronts without contributing to upward or outward light dispersal, maintaining the harmony of the night sky while enhancing the plaza's ambiance.

The initiative was executed in collaboration with Awaken Blue, a firm renowned for its expertise in lighting design and dark-sky-compliant solutions. Kurt Padavano, Chief Operating Officer at FNRP, expressed his enthusiasm about the upgrade, stating, "The new lighting not only modernizes the look and feel of the center, but it also enhances safety, improves the customer experience, and supports our tenants. This investment is a testament to our focus on operational excellence and improved property performance."

Fountain Hills Plaza, which serves a dedicated customer base from both Fountain Hills and the adjacent Scottsdale area, now boasts an upgraded atmosphere that provides better visibility for visitors, particularly during nighttime hours. The lighting enhancements play a vital role in creating an inviting environment that retailers look for in a center, thus supporting tenant success.

Sam Collier, Executive Vice President of Leasing and National Accounts at FNRP, elaborated on the significance of these improvements, stating, "Retailers want to be in well-maintained, forward-thinking centers. When we invest in improvements like this, we're not just updating infrastructure—we're creating a more inviting atmosphere that encourages our tenants to attract customers and boosts the overall center’s appeal."

The upgrades are anticipated to considerably lower electricity consumption as well as associated Common Area Maintenance (CAM) charges that encompass shared expenses like utilities and landscaping. Moreover, LED fixtures are recognized for their longer lifespan and reduced maintenance demands, alleviating the costs and inconveniences often tied to traditional lighting systems.

Andrew DeNardo, President and Head of Investor Relations at FNRP, noted that such lighting upgrades frequently yield strong returns on investment within retail environments. He explained, "Lighting upgrades are one of the most impactful capital improvements in retail spaces and can significantly influence customer attraction and foot traffic. High-quality lighting creates a more welcoming environment, potentially enhances tenant sales, and can lower property expenses.“

In addition to the immediate financial benefits, the lighting advancement contributes to a stable expense profile for the property. Through decreased reactive maintenance and minimized exposure to fluctuating utility costs, Fountain Hills Plaza is better positioned for effective management and cash flow stability.

This lighting enhancement embodies FNRP’s commitment to data-driven improvements that yield sustainable benefits, enhance tenant performance, and align with community values, reinforcing the company's dedication to exceptional asset management nationwide.

About First National Realty Partners

Founded to address the needs of accredited investors seeking access to high-quality commercial real estate, First National Realty Partners focuses on necessity-based retail across the United States. The firm oversees the investment lifecycle from acquisition to disposition through its vertically integrated platform, ensuring sustainable value creation for all its stakeholders. For additional information, visit www.fnrpusa.com.