First National Realty Partners Announces Disposition of Colony Business Park in Old Bridge, N.J. | News

Flex/Industrial Asset Among N.J.-Primarily based Expenditure Firm’s Initially Acquisitions

Old BRIDGE, N.J., May well 3, 2022 /PRNewswire-PRWeb/ — Vertically built-in authentic estate financial commitment agency First National Realty Associates, LLC (FNRP) has declared the disposition of Colony Business enterprise Park, an 80,000-square-foot flex/industrial campus in Old Bridge. The 10-acre assets at 1-11 Jocama Blvd. was acquired by FNRP in late 2017 as a single of the Crimson Lender, N.J.-based mostly firm’s first investments.

Situated right off Route 9 with uncomplicated entry to main highways together with Route 18, I-287, I-195, the Garden State Parkway and the NJ Turnpike, Colony Business Park is preferably situated in Southern Middlesex County at the Monmouth County border. Throughout FNRP’s ownership the corporation extra benefit by stabilizing the residence with the addition of numerous superior-excellent tenants as effectively as a extended-expression renewal with phased lease improves for a person of its biggest occupiers. The conclusion outcome developed a net ordinary annual return for FNRP’s spouse-buyers of approximately 13.88%.

“Small historical emptiness and strong market fundamentals drove consumer curiosity in this preferably located asset,” said Andrew DeNardo, FNRP running principal. “Colony Small business Park finally outperformed on its return for our traders. That achievement – specially coming out of the pandemic – is a credit score to our firm’s tactic to tenant relations, from building new associations to functioning flexibly to meet up with altering enterprise demands.”

1st National Realty Partners is focused on obtaining institutional-quality business actual estate throughout the United States. An energetic, opportunistic and worth-increase investment decision company, FNRP is outfitted to run in all facets of the authentic estate acquisition method as an trader, developer and asset supervisor of industrial true estate. The organization improves the value of homes by means of palms-on management and qualified investments that final result in remarkable, chance-altered returns for its traders.

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