First National Realty Partners (FNRP), a national private equity commercial real estate firm, closed on Florissant Marketplace, a grocery-anchored shopping center located in Florissant, Mo.
Florissant Marketplace is a 98 percent–occupied shopping center anchored by a 70,262-square-foot Schnucks.
Accompanying Schnucks at the center is a strong mix of daily-needs tenants, including a new Crunch Fitness location, Pet Supplies Plus, Wing Stop and AT&T. Current inline tenants have a weighted average tenure exceeding 11 years.
"Florissant Marketplace is a prime example of our ability to acquire well-located, necessity-based retail centers in markets we know well," said Stuart Brackenridge, vice president of acquisitions at FNRP. "By leveraging FNRP's national platform and local expertise, we see tremendous opportunity to enhance the center's performance."
Florissant Marketplace is located in a high-traffic retail corridor 20 miles north of downtown St. Lo
