FNRP, a leading real estate investment firm, has recently acquired Fountain Hills Plaza in Fountain Hills. This is the second property FNRP has acquired in Arizona as part of their national expansion strategy.
According to Mike Hazinski, a representative from FNRP, the shopping center is located in a rapidly growing trade area and is expected to have long-term success under their ownership.
Fountain Hills Plaza currently boasts an impressive 90% occupancy rate and features popular retailers such as Bashas’, Ace Hardware, AutoZone, H&R Block and Great Clips. The anchor tenant Bashas’ has been operating at this location for over 30 years.
With assets totaling over $2 billion and managing more than 12 million square feet across 26 states nationwide,FNRP continues to grow its portfolio.
The seller was represented by Patrick Dempsey of JLL during this transaction.
