Red Bank investor establishes foothold in Maryland with latest acquisition

First National Realty Partners acquires Safeway-anchored shopping center 

Red Bank-based First National Realty Partners has made its first acquisition in Maryland with the addition of Brandywine Crossing, according to a Tuesday announcement.

Located in Brandywine, the 231,000-square-foot market-dominant shopping center is anchored by a nearly 60,000-square-foot Safeway grocer. A tenant at the center since 2008, Safeway is a subsidiary of Albertson’s, the second-largest supermarket chain in North America. Safeway also operates a branded fuel center at the site, furthering its commitment to the center and facilitating increased traffic to benefit its cotenants. Brandywine Crossing also features Marshalls, Joann, Advance Auto Parts, Starbucks, Suntrust Bank, Wells Fargo, Panda Express, Bonefish Grill, AT&T and the UPS Store.

“We are excited to establish a presence in Maryland with our acquisition of Brandywine Crossing,” Matt Annibale, senior director of acquisitions, said. “With a rapidly growing, affluent population and easy access to Washington, D.C., Brandywine is an ideal match for our expansion into new regions.”

Jordan Lex and Daniel Naughton of JLL represented the seller in the Brandywine Crossing transaction.