First National Realty Partners (FNRP), a national private equity commercial real estate firm, has acquired Winslow Plaza, a fully leased neighborhood shopping center located in Sicklerville, N.J.
Winslow Plaza is a 40,695-square-foot shopping center shadow-anchored by ShopRite, the leading grocer in the region by market share. ShopRite attracts an estimated 1.7 million visits annually, generating substantial traffic to the center. Complementing ShopRite is a roster of daily-needs tenants across retail, medical, professional and service uses. The asset's average tenant tenure exceeds 13 years, which the firm believes highlights a degree of operational stability and deep community integration.
"Winslow Plaza is a market-dominant shopping center," said Stuart Brackenridge, vice president of acquisitions at FNRP. "Its durable tenancy with rent growth potential, coupled with its location within a desirable trade area, makes Winslow Plaza a great fit for our investment platf
