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First National Realty Partners Makes First Atlanta Deal
First National Realty Partners (FNRP) has acquired City Center Crossing, a grocery-anchored shopping center in Sandy Springs, for an undisclosed sum. It’s the first Atlanta-are deal for Red Bank, NJ-based FNRP.
City Center Crossing is a 98,408-square-foot shopping center that is 77% occupied, anchored by a 27,858-square-foot Lidl Supermarket that opened in May 2020.
The property is located approximately 16 miles north of downtown Atlanta and adds to FNRP’s rapidly growing portfolio of retail properties located primarily on the East Coast and in the Midwest.
“We are extremely excited to not only acquire our first asset in the Atlanta Market but to also add Lidl to our portfolio, one of the most rapidly growing grocers in the country,” said Matt Annibale, senior director of acquisitions at FNRP. “The remaining vacancy in the center will provide significant upside for our investors.”
