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First National Realty Partners acquires Philadelphia area retail property
Transactions - MARCH 26, 2024

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First National Realty Partners acquires Philadelphia area retail property

by RELEASED

First National Realty Partners (FNRP) announced the acquisition of Elements Horsham, a 50,353-square-foot shopping center in Horsham, Pa.

"We're excited to welcome Elements Horsham to our growing portfolio," said Matt Annibale, senior director of acquisitions at FNRP. "This high-performing center aligns perfectly with our strategy, offering a diverse, upscale tenant mix in a prime location within a thriving submarket of Philadelphia."

Boasting a 94 percent occupancy rate, Elements Horsham features dining establishments, professional services and medical providers. A Starbucks anchors one corner, while MaGerk's, a regional upscale eatery, occupies the other end. The center also features Aqua-Tots Swim School, TruMark Financial, Charles Schwab and a variety of healthcare professionals.

The center is situated in an affluent suburb of Philadelphia within a dense trade area that features extremely high retail occupancy and strong barriers to new development.

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