First National Realty Partners Exceeds Leasing Goal and Strengthens Market Position in 2024
Strategic acquisitions, strong leasing, and industry recognitions position FNRP for growth in 2025
RED BANK, N.J., Feb. 19, 2025 /PRNewswire/ -- First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, closed 2024 with impressive leasing performance and continued portfolio expansion, positioning itself for an opportunistic 2025. Despite market challenges, FNRP executed its investment strategy, achieving key milestones across its portfolio.
In 2024, FNRP signed 76 new leases totaling over 487,000 square feet, surpassing its goal and underscoring demand for necessity-based retail. Notable deals included Crunch Fitness at Waldorf Marketplace, Burlington Coat Factory at Brandywine Crossing, and Ross Dress for Less at McAlpin Square.
"Our team's expertise drove strong leasing activity," said Fred Battisti, Chief Revenue Officer at FNRP. "Grocery-anchored and open-air centers benefit from low vacancy rates and sustained demand, positioning us to capitalize on these trends in 2025."
FNRP expanded its footprint with $95.3 million in acquisitions, adding assets including Elements Horsham (PA), Sumter Square (SC), Horizon Village (AZ), Townes Crossing (IL), Fountain Hills Plaza (AZ), Waretown Town Center (NJ), and Freeway Crossing (NC).
"We have a proven playbook for sourcing desirable acquisitions and enhancing value throughout the investment lifecycle," said Michael Hazinski, Chief Investment Officer at FNRP. "This fueled our success in a competitive market and will guide us in 2025."
The firm earned multiple accolades, including GlobeSt.'s Retail Influencer award, Commercial Property Executive's Top CRE Owners recognition, and IREM's Accredited Management Organization® (AMO®) accreditation, highlighting its commitment to excellence.
Looking ahead, FNRP is positioned to capitalize on shifting market conditions, with several acquisitions set to close in Q1.
With a 12.5 million square feet portfolio, FNRP remains committed to providing accredited investors access to institutional-quality commercial real estate.
"Our 2024 growth highlights the strength of our platform and strategy," said Andrew DeNardo, President and Head of Investor Relations at FNRP. "We're entering 2025 with momentum, focused on disciplined acquisitions and strategic leasing to drive long-term value."
About First National Realty Partners
FNRP provides accredited investors with access to institutional quality commercial real estate, specializing in necessity-based real estate nationwide: grocery-anchored retail, multifamily, and industrial. From acquisition to disposition, FNRP oversees the entire investment lifecycle through its in-house vertically integrated platform, leveraging top talent in legal, acquisitions, leasing, and other key areas. For more information, visit www.fnrpusa.com.
Contact:
Jessica DeMarino
SOURCE First National Realty Partners, LLC
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