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First National Realty Adds Grocery-Anchored Retail in OH, MI
First National Realty Partners (FNRP) acquired Southland Crossings, a grocery-anchored shopping center located at 1150-1300 Doral Dr., Boardman, OH, south of Youngstown. Terms of the sale weren’t disclosed.
Southland Crossings is a 245,678-square-foot shopping center that is 91% occupied and anchored by a 77,592-square-foot Giant Eagle Supermarket. The deal marks FNRP’s seventh grocery-anchored acquisition in Ohio.
“We are excited to acquire Southland Crossings and add Giant Eagle to our portfolio,” said Matt Annibale, senior director of acquisitions at FNRP. “In addition to having high-performing junior anchor tenants including Ross, PetSmart, DSW and Michaels, Southland Crossings is shadow anchored by Lowe’s and Walmart, who help drive foot-traffic to the center.”
The Red Bank, NJ-based company also recently added Premier Canton to its portfolio. The property is a 164,781-square-foot shopping center in Canton, MI, a western suburb of Detroit, anchored by a 59,805-square-foot Kroger Supermarket.
- ◦Sale/Acquisition
