Private equity firm First National Realty Partners (FNRP) announced the acquisition of Elements Horsham, a 50,353-square-foot shopping center in Horsham, Pennsylvania. This strategic acquisition strengthens FNRP’s presence in the Commonwealth and continues its growth in the open-air retail sector.
“We’re excited to welcome Elements Horsham to our growing portfolio,” said Matt Annibale, senior director of acquisitions. “This high-performing center aligns perfectly with our strategy, offering a diverse, upscale tenant mix in a prime location within a thriving submarket of Philadelphia.”
Boasting a 94% occupancy rate, Elements Horsham features a wide selection of essential daily needs tenants including dining establishments, professional services, and medical providers. A high-traffic Starbucks anchors one corner, while MaGerk’s, a regional upscale eatery, occupies the other end. The center also features Aqua-Tots Swim School, TruMark Financial, Charles Schwab and a variety of healthcare professionals.
“The presence of these established and growing businesses highlights the strong demand for Elements Horsham’s diverse offerings,” Annibale said. “We’re confident this acquisition will continue to benefit from the strength of the trade area.”
James Galbally, Patrick Higgins, Chris Munley and Colin Behr represented the seller in this transaction.
