First National Realty Partners, a Red Bank-based real estate investment firm, has acquired a grocery-anchored shopping center in Lockport, New York, it announced.
The deal for Tops Plaza, 5287 S. Transit Road, represents FNRP’s second acquisition announced this week.
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The property comprises 166,634 square feet and is 97% occupied, including with a 92,000-square-foot Tops grocery store.
“Tops Plaza is a prime example of a market-dominant center,” Matt Annibale, FNRP’s director of acquisitions, said in a prepared statement. “Tops performs exceptionally well here, and is complemented by a variety of other marquee tenants such as TJ Maxx, Five Below and Shoe Department.”
A Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Max Helfman and Ben Borruso represented the seller in the transaction.