Red Bank-based First National Realty Partners appointed David Roth as vice president of leasing, according to a Thursday announcement from the retail-focused investment firm.
With this key addition, the company has hit a key milestone with its 100th team member.
Founded in 2015, FNRP experienced explosive growth in 2021, growing from a team of 38 to 84 employees — with additional new hires across multiple departments to date in 2022. The privately held company continues a period of strategic portfolio growth nationwide, targeting grocery-anchored open-air retail centers in primary and key secondary markets. Already in 2022, the firm has added four properties, to bring its total portfolio gross leasable area to 6.8 million square feet.
“This is an exciting time for our firm and for our team,” FNRP Chief Operating Officer Kurt Padavano said. “We continue to increase our market share across the country, which means that our leasing volume is growing exponentially, as well. David is a key addition as we work to retain existing top-tier tenants and add new brands and categories to uphold and enhance our shopping centers’ market-leading positions.”
Roth, who reports to FNRP Managing Director Fred Battisti, will play a vital role in sourcing new tenants, canvassing markets, negotiating lease parameters, analyzing leads, creating letters of intent and closing lease transactions. He joins FNRP with over 13 years of leasing experience, most recently serving as director of leasing with Kin Properties.
“We have built FNRP as a company dedicated to creating outstanding value for our people, investors, vendors and retail tenants,” Padavano said. “We are uniquely equipped to provide world-class investment opportunities and to offer retailers access to exceptional markets and white-glove management service. This approach continues to yield tremendous results for FNRP’s investors and allows us to offer unlimited career advancement and opportunities to our employees.”