First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot, grocery-anchored shopping center in Waretown, N.J.
Waretown Town Center is anchored by a 60,800-square-foot ShopRite and a diverse mix of tenants, including Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips.
“We are thrilled to add Waretown Town Center to our growing portfolio,” said Mike Hazinski, chief investment officer at FNRP. “This market-dominant asset highlights our strategic approach to acquiring high-quality shopping centers in strong retail corridors.”
Located along the Jersey Shore Line, the shopping center offers high visibility and access to a customer base of more than 73,000 people, with an average household income exceeding $132,000 within a 15-minute drive.
“Grocery-anchored retail continues to be a preferred asset class due to a phenomenal operating environment with robust tenant demand coupled with limited new sup
