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First National Realty Partners Makes MD Debut with Brandywine Retail Center Buy
First National Realty Partners, LLC, has acquired Brandywine Crossing in Brandywine, MD. The addition of this 231,000-square-foot asset marks FNRP’s expansion into MD and illustrates NJ-based company’s strategic targeting of open-air retail centers in primary and key secondary markets.
Jordan Lex and Daniel Naughton of JLL represented the seller in the Brandywine Crossing transaction.
Brandywine Crossing is anchored by a nearly 60,000-square-foot Safeway market. A tenant at the center since 2008, Safeway operates a branded fuel center at the site, furthering its commitment to the center and facilitating increased traffic to benefit its co-tenants.
Brandywine Crossing also features Marshalls, Joann, Advance Auto Parts, Starbucks, Suntrust Bank, Wells Fargo, Panda Express, Bonefish Grill, AT&T and The UPS Store.
Matt Annibale, First National Realty Partners, LLC, senior director of acquisitions, noted that the center’s approximately 15,000 square feet of available space provides significant upside potential by way of increased occupancy and cash flow.
- ◦Sale/Acquisition
