First National Realty Partners said on Tuesday that it acquired Winslow Plaza, a fully leased neighborhood shopping center located in Sicklerville.
This asset strengthens FNRP’s presence in the state and further underscores the firm’s strategic growth in the Greater Philadelphia Metropolitan Statical Area (MSA).
Winslow Plaza is a 40,695-square-foot shopping center shadow-anchored by ShopRite, the leading grocer by market share in the region. Complementing ShopRite is a roster of daily-needs tenants across retail, medical, professional and service uses. The property’s average tenant tenure exceeds 13 years, which the firm believes highlights a degree of operational stability and deep community integration.
“Winslow Plaza is a market dominant shopping center,” Stuart Brackenridge, vice president of Acquisitions at FNRP said. “Its durable tenancy with rent growth potential, coupled with its location within a desirable trade area, makes Winslow Plaza a great fit for our investment platform.”
“This acquisition reflects our continued commitment to investing in fundamentally sound retail assets,” Brackenridge added. “By focusing on centers that meet daily needs and demonstrate the potential for long-term viability, we’re building a portfolio positioned to perform across market cycles.”
The center benefits from excellent regional connectivity, with direct access to the Atlantic City Expressway, Berlin-Cross Keys Road, and New Jersey Route 55, as well as convenient NJ Transit bus and rail links to Philadelphia, Camden, and Atlantic City.
Colin Behr and Chris Munley of CBRE represented the seller in the transaction.
