First National Realty Partners (FNRP) reported strong results through the first half of 2025, with continued momentum across leasing, acquisitions and capital markets execution.
The Red Bank-based firm’s performance highlights the strength of grocery-anchored retail and the competitive advantage of its vertically integrated platform.
FNRP said it is entering the second half of the year with a clear strategy and an active pipeline.
“Necessity-based retail remains one of the most sought-after asset classes among national retailers,” Sam Collier, chief revenue officer at FNRP said. “Tenant demand continues to exceed historical norms, and our leasing team combines market insight with strong relationships to secure high-quality tenants and drive long-term value across the portfolio.”
During the first half of 2025, FNRP executed lease transactions with several nationally recognized retailers, including Walmart, Burlington, Marshalls, Dollar Tree, Pet Supplies Plus and Dick’s Sporting Goods. The activity spanned key centers across Pennsylvania, Alabama, Maryland and Ohio.
FNRP completed $28.4 million in acquisitions through midyear, with $22.7 million of that volume occurring in the second quarter. The firm also executed $17.3 million in dispositions during the same period, as part of its ongoing portfolio management strategy.
First-half acquisitions included Florissant Marketplace in Missouri, anchored by Schnucks; Winslow Plaza in New Jersey, shadow-anchored by ShopRite; and Country Club Centre in Alabama, anchored by Winn-Dixie. Each of these assets reinforces FNRP’s core thesis around necessity-based retail and provides the firm’s partners with opportunities to benefit from in-place income with additional upside potential through leasing and operational enhancements.
“We are very pleased with the acquisitions we’ve completed so far this year and the pipeline we’ve built heading into Q3,” Michael Hazinski, chief investment officer at FNRP said. “We’re starting to see more stability in the interest rate environment, which, combined with our reputation as a reliable counterparty, is opening up new deal flow. We remain highly selective and focused on assets that meet our underwriting discipline.”
The transaction is one of the most notable financing events in FNRP’s portfolio this year and marks the beginning of a relationship with a top-tier institutional lender.
“The first half of 2025 was about execution, staying disciplined, finding quality opportunities and performing across the board,” Jared Feldman, executive chairman at FNRP said. “We’re entering the second half with strong momentum and a focused strategy. Our team knows how to operate at scale, and we’re committed to driving long-term value for our investors.”
