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First National Realty Partners purchases South Carolina retail center
Transactions - MAY 1, 2024

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First National Realty Partners purchases South Carolina retail center

by RELEASED

First National Realty Partners (FNRP) announced it closed on the acquisition of Sumter Square, a 66,765-square-foot shopping center in Sumter, S.C. This strategic acquisition marks FNRP's expansion into South Carolina and brings its operating footprint to 25 states.

Sumter Square is anchored by a 39,365-square-foot Piggly Wiggly, an operator at the center since 1992. According to RetailStat, the Sumter Square location is one of the chain's top-performing stores in South Carolina based on customer foot traffic. The center features several other daily-needs tenants.

The center is located in a regional retail trade area 40 miles outside Columbia, S.C. It benefits from its close proximity to Shaw Air Force Base, the largest employer in Sumter. Within a five-mile radius, the population exceeds 60,000 people with average household incomes of $80,000.

Ackman-Ziff represented the seller in the transaction.

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