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New York & Tri-State  + New Jersey  + Retail  | 

First National Realty Acquires Grocery-Anchored Ocean County Center

First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot grocery-anchored shopping center located in Waretown, within New Jersey’s Ocean County. This acquisition for an undisclosed sum marks Red Bank, NJ-based FNRP’s seventh shopping center in New Jersey.

Waretown Town Center is anchored by a 60,800-square-foot ShopRite, a market-leading grocer with more than 15 years of operating history at the shopping center. ShopRite is joined by a diverse mix of tenants, including Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips.

“This market-dominant asset highlights our strategic approach to acquiring high-quality shopping centers in strong retail corridors,” said Mike Hazinski, CIO at FNRP. “Grocery-anchored retail continues to be a preferred asset class due to a phenomenal operating environment with robust tenant demand coupled with limited new supply.”

Colin Behr and Chris Munley at CBRE represented the undisclosed seller. 

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First National Realty Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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