Le Lézard
Classified in: Business
Subject: RLE

First National Realty Partners Acquires First Shopping Center in Nebraska


N.J.-based Investment Firm Purchases The Shoppes at Grayhawk in Omaha

OMAHA, Neb., May 27, 2022 /PRNewswire-PRWeb/ -- Vertically integrated real estate investment firm?First National Realty Partners, LLC?(FNRP) today announced the addition of The Shoppes at Grayhawk in Omaha to its rapidly growing shopping center portfolio. This 221,000-square-foot asset marks the Red Bank, N.J.-based firm's first acquisition in the Nebraska market as it continues its strategic nationwide expansion targeting premier open-air retail centers in primary and key secondary markets.? ? 

Located at 14455-14615 W. Maple Road, The Shoppes at Grayhawk is anchored by a 140,000-square-foot Lowe's home improvement store. A tenant at the center for 20 years, Lowe's is the second-largest hardware chain in the world and operates or services more than 2,200 home improvement and hardware stores throughout the United States and Canada. The Shoppes at Grayhawk tenant roster also includes Michaels, Dollar Tree, Chipotle, Jimmy John's, and First Watch.  ? 

"The Shoppes at Grayhawk offered an outstanding opportunity for FNRP to establish a presence in Nebraska," said Stephen Joseph, director of acquisitions. "With its proximity to Nebraska's largest city, this destination for daily essentials is a perfect fit for our portfolio. The Center contains approximately 5,000 square feet of available space offering significant upside potential by way of increased occupancy and cash flow."??  ? 

Situated in a densely populated retail corridor approximately 12 miles west of downtown Omaha, The Shoppes at Grayhawk is strategically located along the region's dominant east-west thoroughfare. The center serves a population of nearly 180,000 ? with an average household income of $100,000 ? within a five-mile radius of the property.???? ? 

The deal was brokered by Ben Snyder and Zack Bates from Matthews Real Estate Investment Services who represented the seller in The Shoppes at Grayhawk transaction. 

FNRP's mission is to provide 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, FRNP 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  

Access First National Realty Partners media assets here
Follow First National Realty Partners on LinkedIn, Facebook, Instagram and Twitter   

Media Contact 
Emma Ackel / Jamie Platt 
Caryl Communications 
201-796-7788 
emma (at) caryl (dot) com / jamie (at) caryl (dot) com

Media Contact

Emma Ackel, Caryl Communications, 2017967788, emma@caryl.com

 

SOURCE First National Realty Partners


These press releases may also interest you

at 17:01
Behring Co., a vertically integrated real estate developer and the operator of Behring Regional Center ("BRC"), praised the U.S. District Court of the Northern District of California's decision to issue a preliminary...

at 16:13
The Prime Minister, Justin Trudeau, today concluded his participation in the 2022 Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda, where he worked closely with international partners to address key priorities, like food security,...

at 15:22
The founders of Country Roads RV Center are pleased to announce their current sales, promotions and updates for June, 2022.  To learn more about Country Roads and check out their latest news, please...

at 11:08
Corsicana Mattress Company and certain of its affiliated entities filed for voluntary reorganization today under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas in Fort Worth. The filing indicated that Corsicana will be...

at 09:52
Canadians deserve high-quality and efficient government services that are accessible, timely, and make their lives easier. The delays in immigration application and passport processing are unacceptable and the Government of Canada is urgently working...

at 07:00
Note: All times local Kigali, Rwanda Private meetings 8:00 a.m. The Prime Minister will participate in an intergenerational dialogue breakfast with Commonwealth youth leaders. Kigali Convention Centre Note for media: Pooled coverage9:00 a.m. The...



News published on 27 may 2022 at 18:05 and distributed by: