First National Realty Partners (FNRP), a national private equity commercial real estate firm, announced the acquisition of Marc’s Grocery Center, a 63,317-square-foot, grocery-anchored retail center in South Euclid, Ohio.
This acquisition strengthens FNRP’s presence in the Cleveland MSA to more than 600,000 square feet of grocery-anchored retail centers. Marc’s Grocery Center joins four existing assets in the region — including Shore Center Plaza, Cedar Center South, Lee Harvard Shopping Center and Shaker Heights Center — all located within a 10-mile radius.
Marc’s, an Ohio-based grocery operator, anchors the property along with inline tenants including Starbucks, AT&T, NextDoor Urgent Care, Great Clips and Subway.
“The acquisition of Marc’s Grocery Center is consistent with our strategy to add market-dominant assets to our portfolio,” said Michael Hazinski, CIO at FNRP. “Marc’s Grocery Center was built in 2018 and has high-performing t
