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Chicago & Midwest  + Greater Chicagoland  |  May 21, 2024
Jasmine Kilman
By: Jasmine Kilman

First National Realty Partners Acquires Illinois Retail Center

First National Realty Partners (FNRP) closed on Townes Crossing, a 105,731-square-foot shopping center located in Oswego, Illinois, in an off-market acquisition. Evan Halkias of Cushman & Wakefield represented the seller in this transaction.

Townes Crossing is anchored by a 65,000-square-foot Jewel-Osco grocery store, a subsidiary of Albertsons. A tenant at the center for over 30 years, it is the top grocer by market share in the Chicago MSA, according to Axios Chicago. Jewel-Osco is joined by daily-needs retailers, including Phenix Salon Suites, Oswego Dental, The UPS Store, and Subway.

“Townes Crossing marks our fourth off-market acquisition in 2024. This off-market activity is a testament to FNRP’s platform as our team continues to be one of the most active acquirers of grocery-anchored retail in the country,” commented Mike Hazinski, chief investment officer.

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First National Realty Partners Acquires Illinois Retail Center

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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