First National Realty Partners has acquired Premier Canton, a grocery-anchored shopping center located in Canton, Michigan.
The 164,781 square foot shopping center is 88% occupied and contains a 60,000 square foot Kroger Supermarket and a 50,000 square foot Dick’s Sporting Goods. The purchase adds to the firm’s growing portfolio of real estate assets throughout the U.S.
“We are very excited to acquire Premier Canton,” said Matt Annibale, senior director of acquisitions at First National Realty Partners. “Not only is the center anchored by a high-performing Kroger Supermarket, but it also features an 18,000 square foot junior box vacancy which provides the potential for significant upside in the deal.”