Red Bank real estate investment firm buys Tesla sales and service center

Red Bank-based First National Realty Partners announced this week that it has acquired a Tesla sales and service center in Illinois.

First National Realty Partners invests in commercial real estate assets nationwide. The 23,164-square-foot Tesla center in Westmont represents one of only five Tesla service centers in Illinois, the firm noted. Tesla recently signed a 10-year lease extension at the property at 50 W. Ogden Ave.

“We are very excited about this unique opportunity, and are pleased to have Tesla as a tenant in our growing portfolio,” Matt Annibale, First National Realty Partners’ director of acquisitions, said in a prepared statement. “We are confident in Tesla’s long-term performance here, given how well-situated the property is in Westmont’s ‘Auto Mile.’”

Financial terms of the deal were not disclosed.