First National Realty Partners (FNRP), a private equity commercial real estate firm focused on necessity-based retail, announced it closed out 2025 with more than $200 million in capital markets transactions and more than 1.5 million square feet of leasing activity across its grocery-anchored retail portfolio.
The firm said its 2025 capital markets activity included acquisitions, dispositions, and refinancing, with several transactions completed in the fourth quarter. Highlights cited by FNRP included the acquisition of Salisbury Marketplace in Salisbury, North Carolina, the dispositions of City Center Crossing in Sandy Springs, Georgia, and Premier Center in Canton, Michigan, and the refinance of Brook Highland Plaza in Birmingham, Alabama.
On the leasing side, FNRP reported executing more than 1.5 million square feet of total leasing in 2025, including 273,882 square feet of new lease signings and more than 1.26 million square feet of renewals and extensions. The firm said leasing accelerated in the fourth quarter, when it completed 323,188 square feet of leasing activity, including new leases and renewals, supporting occupancy across roughly 12 million square feet of grocery-anchored retail properties.
FNRP also pointed to third-party recognition during the year, including being named among the nation’s top commercial real estate owners by Commercial Property Executive, and said it is entering 2026 focused on disciplined execution across its necessity-based retail portfolio.
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“Our performance reflects the continued demand from debt and equity investors for necessity-based retail. Our transaction volume during 2025 highlights the strength of the sector as well as our market-dominant portfolio and vertically integrated platform.”
Michael Hazinski, Chief Investment Officer, First National Realty Partners
“Surpassing 1.5 million square feet of total leasing, driven largely by renewals, demonstrates the long-term commitment our tenants have to our centers. This reflects our team’s ability to increase occupancy and support growing cash flows across the portfolio.”
Sam Collier, Chief Revenue Officer, First National Realty Partners
