{"id":1004687699,"date":"2023-10-27T09:00:50","date_gmt":"2023-10-27T17:00:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004687699"},"modified":"2024-05-22T05:41:59","modified_gmt":"2024-05-22T13:41:59","slug":"first-national-realty-buys-grocery-anchored-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/first-national-realty-buys-grocery-anchored-retail-center\/","title":{"rendered":"First National Realty Buys Grocery-Anchored Retail Center"},"content":{"rendered":"<div id=\"attachment_1004687700\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004687700\" data-attachment-id=\"1004687700\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/first-national-realty-buys-grocery-anchored-retail-center\/shoprite-3-edited-pressrelease\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg\" data-orig-size=\"800,533\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;First National Realty Partners,&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;First National Realty Partners&#039; latest acquisition, Christina Crossing, in Wilmington, Delaware&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Shoprite-3-Edited-PressRelease&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Christina Crossing. Image courtesy of FNRP\" data-image-description=\"&lt;p&gt;Frontage of the Christina Crossing shopping center in downtown Wilmington&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Christina Crossing. Image courtesy of FNRP&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg?w=800\" class=\"wp-image-1004687700 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg?w=300\" alt=\"Frontage of the Christina Crossing shopping center in downtown Wilmington\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Christina-Crossing.-Image-courtesy-of-FNRP-e1698407791613.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004687700\" class=\"wp-caption-text\">Christina Crossing. <em>Image courtesy of FNRP<\/em><\/p><\/div>\n<p><strong>First National Realty Partners<\/strong> has acquired Christina Crossing, a 119,446-square-foot grocery-anchored shopping center in Wilmington, Del. The property marks the firm\u2019s entry into the Delaware market. <strong>JLL<\/strong> represented the seller, <strong>DRA Advisors<\/strong>.<\/p>\n<p>The property is anchored by a 68,621-square-foot ShopRite. Other tenants include Rainbow, Cricked Wireless and Wingstop. DRA Advisors purchased the asset in July 2022 in a portfolio deal, according to CommercialEdge data.<\/p>\n<p>The one-story property is located at 501 S. Walnut St., just off S. Market Street, in downtown Wilmington, within an opportunity zone. The asset is less than a mile south of the Wilmington train station. According to Matt Annibale, senior director of acquisitions with FNRP, the property is adjacent to more than 80 acres of future development.<\/p>\n<p>The JLL brokers that represented DRA Advisors in the transaction are James Galbally,\u00a0Chris Munley\u00a0and\u00a0Colin Behr. In March, <a href=\"https:\/\/www.commercialsearch.com\/news\/dra-advisors-venture-one-team-up-on-369m-portfolio-buy\/\">DRA Advisors completed the $369 million purchase<\/a> of a mostly industrial portfolio in metro Chicago, in a partnership with <strong>Venture One<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christina Crossing in Wilmington, Del., previously traded in 2022. <\/p>\n","protected":false},"author":3142,"featured_media":1004687700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10,1494,21749],"tags":[38653,33919,51933,32796],"class_list":["post-1004687699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-northeast","category-philadelphia","category-retail","tag-chris-munley","tag-dra-advisors-llc","tag-first-national-realty-partners","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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