Red Bank-based First National Realty Partners recently acquired Consumer Square West, a 218,000-square-foot, grocery-anchored shopping center in Columbus, Ohio. — Courtesy: FNRP
By Joshua Burd
First National Realty Partners has hired a new vice president of leasing, marking the latest addition for the fast-growing, Red Bank-based real estate investment firm.
David Roth, who is the company’s 100th team member, will play a vital role in sourcing new tenants, canvassing markets, negotiating lease parameters, analyzing leads, creating letters of intent and closing lease transactions. He joins FNRP with more than 13 years of leasing experience, most recently serving as a director of leasing with Kin Properties.
“This is an exciting time for our firm and for our team,” FNRP Chief Operating Officer Kurt Padavano said. “We continue to increase our market share across the country, which means that our leasing volume is growing exponentially as well. David is a key addition as we work to retain existing top-tier tenants and add new brands and categories to uphold and enhance our shopping centers’ market-leading positions.”
Roth joins the seven-year-old, privately held firm on the heels of its explosive growth in 2021, when its team more than doubled in size to 84 employees. It has continued to hire across multiple departments in 2022, while it grows its portfolio with a focus on grocery-anchored, open-air retail centers in primary and key secondary markets.
Year to date, FNRP has added four properties to bring its total gross leasable area to 6.8 million square feet.
A resident of Delray Beach, Florida, Roth reports to FNRP Managing Director Fred Battisti. Co-founders Anthony Grosso and Christopher Palermo lead the firm, which aims to enhance property values through hands-on management and targeted investments.
“We have built FNRP as a company dedicated to creating outstanding value for our people, investors, vendors, and retail tenants,” Padavano said. “We are uniquely equipped to provide world-class investment opportunities and to offer retailers access to exceptional markets and white-glove management service. This approach continues to yield tremendous results for FNRP’s investors and allows us to offer unlimited career advancement and opportunities to our employees.”
