Red Bank-based First National Realty Partners closed 2024 with impressive leasing performance and continued portfolio expansion, positioning itself for many opportunities in 2025.
In 2024, FNRP signed 76 new leases totaling over 487,000 square feet, surpassing its goal and underscoring demand for necessity-based retail.
“Our team’s expertise drove strong leasing activity,” Fred Battisti, chief revenue officer at FNRP said. “Grocery-anchored and open-air centers benefit from low vacancy rates and sustained demand, positioning us to capitalize on these trends in 2025.”
FNRP expanded its footprint with $95.3 million in acquisitions.
“We have a proven playbook for sourcing desirable acquisitions and enhancing value throughout the investment lifecycle,” Michael Hazinski, chief investment officer at FNRP said. “This fueled our success in a competitive market and will guide us in 2025.”
Looking ahead, FNRP is positioned to capitalize on shifting market conditions, with several acquisitions set to close in Q1.
With a 12.5 million square feet portfolio, FNRP remains committed to providing accredited investors access to institutional-quality commercial real estate.
“Our 2024 growth highlights the strength of our platform and strategy,” Andrew DeNardo, president and head of investor relations at FNRP said. “We’re entering 2025 with momentum, focused on disciplined acquisitions and strategic leasing to drive long-term value.”
