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Press release content from PR Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from PR Newswire
Press release content from PR Newswire. The AP news staff was not involved in its creation.

First National Realty Partners Acquires Summerdale Plaza, a 141,451 SF Value-Add Retail Shopping Center in Harrisburg, PA.

December 23, 2021 GMT
Summerdale Plaza
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Summerdale Plaza
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Summerdale Plaza

RED BANK, N.J., Dec. 23, 2021 /PRNewswire/ -- First National Realty Partners (FNRP) is pleased to announce the acquisition of Summerdale Plaza, a retail shopping center located at 429 N Enola Road, Enola (Harrisburg), PA 17025. Summerdale Plaza is a 141,451 SF shopping center that is 85% occupied and features a Rite Aid, AutoZone, Dollar Tree, and brand-new Tractor Supply. The acquisition adds to FNRP’s rapidly growing portfolio of premier real estate assets throughout the United States.

“We are very excited to acquire Summerdale Plaza”, said Matt Annibale, Senior Director of Acquisitions at First National Realty Partners. “The remaining vacancy in the center provides meaningful upside for our investors. The property also includes one of the top Pennsylvania Department of Transportation locations in the state, which helps drive traffic to the center.”

The seller was represented by Brad Nathanson of Institutional Property Advisors.

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First National Realty Partners, LLC (FNRP) is a leading vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States. The firm is an active, opportunistic, and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer, and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors.

Contact Information
Sam Perrelli, Investor Relations
info@fnrealtypartners.com
First National Realty Partners
125 Half Mile Road Suite 207
Red Bank, New Jersey 07701
800-605-4966
https://fnrpusa.com/property/summerdale

Matt Annibale, Senior Director of Acquisitions
mannibale@fnrealtypartners.com
First National Realty Partners
125 Half Mile Road Suite 207
Red Bank, New Jersey 07701
732-696-1201
https://fnrpusa.com/property/summerdale

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SOURCE First National Realty Partners, LLC