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First National Acquires Fountain Hills Shopping Center
First National Realty Partners (FNRP) acquired the Fountain Hills Plaza, a 111,284-square-foot shopping center in Fountain Hills. This marks the firm’s second acquisition in the state and continues its national expansion efforts.
FNRP’s Mike Hazinski adds, “The center is located in a captive and growing trade area, which we are confident positions it for long-term success.”
Fountain Hills Plaza boasts a 90% occupancy rate and is anchored by Bashas’, an affiliate of Raley’s Supermarket with an operating history of over 30 years at the location. It features retailers including Ace Hardware, AutoZone, H&R Block, and Great Clips.
FNRP has over 2B in assets under management totaling over 12 million square feet in 26 states.
Patrick Dempsey of JLL represented the seller in this transaction.
