Boston & New England + New England + Retail | December 6, 2022

First National Realty Partners, LLC has acquired Bishops Corner, a Target-anchored shopping center located in West Hartford, CT.

First National Realty Partners Adds West Hartford Shopping Center to Retail Portfolio

Commercial real estate private equity company First National Realty Partners, LLC has acquired Bishops Corner, 259,104-square-foot grocery-anchored shopping center in West Hartford, CT.

Geoffrey Millerd of Newmark, a global, full-service commercial real estate firm, represented the seller and procured the buyer

Bishops Corner is anchored by a 59,000-square-foot Target, which has been a tenant since 2019. The center’s tenant roster features a mix of necessity-based national retailers, and 14,000 square feet of vacant space provides upside potential by way of increased occupancy and cash flow, according to the buyer.

“Bishops Corner is the top-ranked strip/convenience center in CT in terms of customer visits, according to Placer.ai,” said Stephen Joseph, director of acquisitions for First National Realty Partners, LLC. The asset serves a population of more than 216,000 people with average household incomes within a one-mile radius that exceed $176,000.

FNRP’s CT retail portfolio also includes Sand Hill Plaza in Newtown.

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First National Realty Partners, LLC's Joseph

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.