First National Realty Partners (FNRP), a private equity firm specializing in commercial real estate, announced its closing on Townes Crossing, a 105,731-square-foot shopping center in suburban Chicago.
The Oswego, Illinois-based Townes Crossing is anchored by a 65,000-square-foot Jewel-Osco grocery store, a subsidiary of Albertsons. Other tenants include Phenix Salon Suites, Oswego Dental, The UPS Store, and Subway.
The financial terms of this off-market acquisition were not disclosed.
“Townes Crossing marks our fourth off-market acquisition in 2024. This off-market activity is a testament to FNRP’s platform as our team continues to be one of the most active acquirers of grocery-anchored retail in the country,” said Mike Hazinski, chief investment officer.
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