WARETOWN, N.J. — First National Realty Partners (FNRP), a prominent private equity commercial real estate firm, has announced the acquisition of Waretown Town Center, an 87,735-square-foot shopping center in Waretown, New Jersey. This acquisition is FNRP’s seventh shopping center in the state, further solidifying its foothold in the region.
The shopping center is anchored by a 60,800-square-foot ShopRite, which has been a fixture in the area for over 15 years. The center also hosts a variety of tenants, including Meridian Health, Shore Smiles Dentistry, Saladworks, and Great Clips.
“We are thrilled to add Waretown Town Center to our growing portfolio,” said Mike Hazinski, Chief Investment Officer at FNRP. He emphasized that the acquisition aligns with the firm’s strategy of targeting high-quality shopping centers in prime retail locations.
Located along the Jersey Shore Line, Waretown Town Center benefits from high visibility and easy access to a population of over 73,000 people, with an average household income exceeding $132,000 within a 15-minute drive.
Colin Behr and Chris Munley of CB Richard Ellis represented the seller in the transaction.