FNRP's Fourth Grocery-Anchored Center in the State Highlights Strategic Growth in the Midwest
FLORISSANT, Mo., April 15, 2025 -- First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, closed on Florissant Marketplace, a grocery-anchored shopping center located in Florissant, Missouri. This acquisition expands FNRP's presence in Missouri, bringing its total portfolio in the state to four grocery-anchored centers totaling over 950,000 square feet, all located within the St. Louis Metropolitan Statistical Area (MSA).
Florissant Marketplace is a 98% occupied shopping center anchored by a 70,262-square-foot Schnucks. Founded in 1937, Schnucks has grown to become the region's #1 grocer by market share, with over 115 stores across the Midwest. The grocer has been a tenant at Florissant Marketplace for more than 20 years.
Accompanying Schnucks at the center is a strong mix of daily-needs tenants, including a new Crunch Fitness location, Pet Supplies Plus, Wing Stop, and AT&T. Current inline tenants have a weighted average tenure exceeding 11 years.
"Florissant Marketplace is a prime example of our ability to acquire well-located, necessity-based retail centers in markets we know well," said Stuart Brackenridge, Vice President of Acquisitions at FNRP. "By leveraging FNRP's national platform and local expertise, we see tremendous opportunity to enhance the center's performance."
Florissant Marketplace is located in a high-traffic retail corridor 20 miles north of Downtown St. Louis. Positioned along North Lindbergh Boulevard, a major thoroughfare with over 44,700 vehicles per day, the center benefits from strong demographics, with more than 88,000 residents within a three-mile radius, earning an average household income exceeding $85,000.
Chase Young of CBRE represented the seller in this transaction.
Disclaimer: An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate, including, without limitation, representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions are not guaranteed.
About First National Realty Partners
First National Realty Partners (FNRP) provides accredited investors with access to institutional quality commercial real estate, specializing in necessity-based retail nationwide. From acquisition to disposition, FNRP oversees the entire investment lifecycle through its vertically integrated platform. Leveraging top in-house talent in legal, acquisitions, leasing, and other key areas, FNRP creates sustainable value for its investors. For more information, please visit www.fnrpusa.com.
This News is brought to you by Qube Mark, your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
