First National Realty Partners (FNRP) has acquired Waretown Town Center, an 87,735-square-foot grocery-anchored shopping center located in Waretown, within New Jersey’s Ocean County. This acquisition for an undisclosed sum marks Red Bank, NJ-based FNRP’s seventh shopping center in New Jersey.

Waretown Town Center is anchored by a 60,800-square-foot ShopRite, a market-leading grocer with more than 15 years of operating history at the shopping center. ShopRite is joined by a diverse mix of tenants, including Meridian Health, Shore Smiles Dentistry, Saladworks and Great Clips.

“This market-dominant asset highlights our strategic approach to acquiring high-quality shopping centers in strong retail corridors,” said Mike Hazinski, CIO at FNRP. “Grocery-anchored retail continues to be a preferred asset class due to a phenomenal operating environment with robust tenant demand coupled with limited new supply.”

Colin Behr and Chris Munley at CBRE represented the undisclosed seller.