First National Realty Partners Expands Cleveland MSA Portfolio with Marc's Grocery Center

Top-Performing Marc's-Anchored Center Adds to Firm's 550,000-Square-Foot Regional Footprint

CLEVELAND, March 9, 2026 /PRNewswire/ -- First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, announced the acquisition of Marc's Grocery Center, a 63,317-square-foot, grocery-anchored retail center in South Euclid, Ohio.

This acquisition strengthens FNRP's presence in the Cleveland MSA to more than 600,000 square feet of grocery-anchored retail centers. Marc's Grocery Center joins four existing assets in the region — including Shore Center Plaza, Cedar Center South, Lee Harvard Shopping Center, and Shaker Heights Center — all located within a 10-mile radius.

Marc's, a well-established Ohio-based grocery operator, anchors the property along with inline tenants including Starbucks, AT&T, NextDoor Urgent Care, Great Clips, and Subway.

"The acquisition of Marc's Grocery Center is consistent with our strategy to add market-dominant assets to our portfolio," said Michael Hazinski, Chief Investment Officer at FNRP. "Marc's Grocery Center was built in 2018 and has high-performing tenants that benefit from a lack of retail competition in the trade area."

Located approximately 12 miles east of Downtown Cleveland, the property benefits from strong visibility and direct frontage along Mayfield Road, a primary east-west retail corridor. Marc's Grocery Center serves a population of more than 117,000 residents within a three-mile radius, with average household incomes exceeding $113,000. As the only grocery-anchored shopping center in South Euclid, the center maintains a position of limited direct competition within its immediate trade area.

Erin Patton at Marcus & Millichap Institutional Property Advisors represented the seller in this transaction.

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.

Contact:
Mike Law
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-national-realty-partners-expands-cleveland-msa-portfolio-with-marcs-grocery-center-302708250.html

SOURCE First National Realty Partners, LLC