#United States #Columbus #Planet Fitness #First National Realty #Consumer Square

First National Realty Partners Secures Lease Extensions at Consumer Square West

In a significant development, First National Realty Partners (FNRP), a prominent name in private equity commercial real estate, has successfully secured long-term lease extensions for two major tenants at Consumer Square West, located in Columbus, Ohio. This strategic move underlines FNRP's commitment to enhancing the property's market stature and ensuring its continued relevance in an ever-evolving retail landscape.

Lease Renewals: Strengthening the Portfolio

The tenants, Planet Fitness and Shoe Show Mega, have renewed their leases, marking an important milestone for the retail center. Planet Fitness, a well-known fitness chain, has committed to a ten-year extension for its 20,582-square-foot space, while Shoe Show Mega, a leading footwear retailer, has renewed its lease for 12,000 square feet. These actions not only bolster the stability of Consumer Square West but significantly reinforce its strategic value in the marketplace.

Sam Collier, Chief Revenue Officer at FNRP, underscored the importance of these retailers, stating, "Our retailers are more than businesses — they provide essential services that bring consistent traffic to the center. Their extensions reflect the strength of our partnerships and our focus on creating value for both retailers and investors." The presence and commitment of established brands like Planet Fitness and Shoe Show Mega highlight the ongoing appeal of necessity-based retail, showcasing the resilience and growth potential of the Columbus market.

Market Position and Community Impact

The strategic positioning of Consumer Square West is further complemented by other national retailers like Kroger, enhancing its appeal as a reliable shopping hub for the local community. Candace Gschwind, Director of Leasing at FNRP, emphasized the center's commitment to providing convenient shopping options, saying, "Planet Fitness and Shoe Show Mega help maintain the appeal of the center's lineup. Alongside Kroger and other national retailers, they ensure the property remains a convenient and reliable shopping destination for the community."

Consumer Square West is strategically located on West Broad Street, five miles from Downtown Columbus, a key traffic corridor frequented by over 31,600 vehicles daily. The center is directly opposite Hollywood Casino, attracting millions of visitors each year. This high-traffic location, combined with a robust local demographic of 270,500 residents earning above $103,000 in average household income, positions the center as a prime retail destination.

FNRP's Vision and Strategy

FNRP is dedicated to providing accredited investors with access to institutional-grade commercial real estate, specializing in necessity-based retail across the nation. The firm manages the complete investment lifecycle, from acquisition to disposition, employing a vertically integrated business model. Leveraging top-tier talent in various key areas such as legal, acquisitions, and leasing ensures the creation of sustainable value for all stakeholders involved.

In essence, the successful lease renewals at Consumer Square West reflect the strong demand for essential retail services in Columbus. As FNRP focuses on expanding its footprint in the commercial real estate landscape, the ongoing commitments of Planet Fitness and Shoe Show Mega will be crucial in maintaining the center's relevance and success amid changing retail dynamics. For more details on FNRP and their investments, visit their official website at www.fnrpusa.com.