First National Realty Partners Strengthens North Carolina Portfolio with New Acquisition

First National Realty Partners Expands Its Footprint in North Carolina

First National Realty Partners, a premier national private equity commercial real estate firm, has recently announced its latest acquisition: Freeway Crossing, a significant grocery-anchored shopping complex situated in Reidsville, North Carolina. This strategic purchase, which encompasses an impressive 88,647 square feet of retail space, represents FNRP's third investment in the North Carolina market, reflecting the firm’s commitment to expanding its presence in the region.

During an official statement, Stuart Brackenridge, the Vice President of Acquisitions at FNRP, expressed enthusiasm about the addition of Freeway Crossing to their portfolio. He noted, “This acquisition strengthens our footprint in the Carolinas and positions us for continued growth.”

Details of the Acquisition

Freeway Crossing is primarily anchored by a Lowes Foods supermarket, which spans 39,708 square feet. This supermarket has been a cornerstone of the shopping center for almost three decades and has recently undergone substantial renovations both internally and externally. In addition to Lowes Foods, the shopping center hosts a diverse array of popular retailers, including Dollar Tree, Hibbett Sports, CATO, Workout Anytime, and Papa Johns, making it a vibrant hub for local shopping needs.

Strategically located within the Greensboro Metropolitan Statistical Area, Freeway Crossing enjoys excellent visibility along US 29, which is a major thoroughfare accommodating around 17,250 vehicles each day. Its proximity to Downtown Greensboro, located just 20 miles away, positions it favorably to attract retail traffic from the surrounding community. Brackenridge commented on this advantageous location: “Freeway Crossing is a well-established neighborhood center with a high-performing grocer and excellent positioning within its market. Its long-term stability and growth potential make it an excellent addition to our portfolio.”

Market Insights and Future Prospects

The acquisition of Freeway Crossing aligns with FNRP’s strategy of investing in necessity-based retail spaces, particularly those that can promise steady long-term returns. This sector has proven resilient in the face of economic fluctuations, especially grocery-anchored properties that cater to essential consumer needs.

As FNRP continues to expand its portfolio, it remains focused on identifying high-potential real estate opportunities. The firm's approach encompasses a vertically integrated investment lifecycle management system, allowing them to oversee all facets of their investments, from acquisition through to disposition. By leveraging top talent in various sectors including legal, leasing, and acquisitions, FNRP aims to maximize the value of its real estate assets.

About First National Realty Partners

First National Realty Partners, LLC (FNRP) offers accredited investors access to high-grade commercial real estate. Their specializations span grocery-anchored retail, multifamily properties, and industrial spaces, which are crucial for building diverse investment portfolios. With a commitment to excellence, FNRP ensures that it adheres to the highest standards in managing its properties to deliver substantial returns for its stakeholders.

For more information about First National Realty Partners and its portfolio, please visit fnrpusa.com.

For any inquiries, please contact Jessica DeMarino at [email protected]

Disclaimer: An investment in commercial real estate carries risks, including the potential loss of the entire investment. Performance and stability are not guaranteed.