First National Realty Partners acquires first shopping center in Nebraska | ROI-NJ

First Nationwide Realty Companions LLC stated it just lately added the Shoppes at Grayhawk in Omaha, Nebraska, to its quickly rising procuring middle portfolio. This 221,000-square-foot asset marks the Crimson Financial institution-based agency’s first acquisition within the Nebraska market, because it continues its strategic nationwide growth concentrating on premier open-air retail facilities in main and key secondary markets.

Situated at 14455-14615 W. Maple Highway, the Shoppes at Grayhawk is anchored by a 140,000-square-foot Lowe’s residence enchancment retailer. A tenant on the middle for 20 years, Lowe’s is the second-largest {hardware} chain on the earth and operates or providers greater than 2,200 residence enchancment and {hardware} shops all through the U.S. and Canada. The Shoppes at Grayhawk tenant roster additionally contains Michaels, Greenback Tree, Chipotle, Jimmy John’s and First Watch.

“The Shoppes at Grayhawk supplied an impressive alternative for FNRP to determine a presence in Nebraska,” stated Stephen Joseph, director of acquisitions. “With its proximity to Nebraska’s largest metropolis, this vacation spot for each day necessities is an ideal match for our portfolio. The middle accommodates roughly 5,000 sq. ft of obtainable area, providing vital upside potential by means of elevated occupancy and money stream.”

Located in a densely populated retail hall roughly 12 miles west of downtown Omaha, the Shoppes at Grayhawk is strategically situated alongside the area’s dominant east-west thoroughfare. The middle serves a inhabitants of almost 180,000 — with a mean family revenue of $100,000 — inside a five-mile radius of the property.

The deal was brokered by Ben Snyder and Zack Bates from Matthews Actual Property Funding Providers, who represented the vendor within the Shoppes at Grayhawk transaction.