First National Realty Partners (FNRP) has recently completed the acquisition of Townes Crossing, a 105,731-square-foot shopping center located in Oswego, Illinois. The purchase was made through an off-market transaction and was facilitated by Evan Halkias of Cushman & Wakefield who represented the seller.
Townes Crossing boasts a strong anchor tenant in Jewel-Osco, a subsidiary of Albertsons. With over 30 years at this location and being the top grocer by market share in Chicago MSA according to Axios Chicago, Jewel-Osco is joined by other daily-needs retailers such as Phenix Salon Suites, Oswego Dental, The UPS Store and Subway.
According to Mike Hazinski , Chief Investment Officer at FNRP “This marks our fourth off-market acquisition for this year alone. Our team’s ability to secure these deals speaks volumes about FNRP’s platform as one of the most active acquirers of grocery-anchored retail properties nationwide.”
