By Joshua Burd
First National Realty Partners LLC has hired a longtime broker for the newly created position of vice president of triple-net leasing and acquisitions.
Based in Red Bank, the investment firm said Doug Holtzman comes to the post with 14 years of experience and expertise in investment sales and leasing single-tenant retail properties. He joins the team as part of FNRP’s push to find new returns and revenue opportunities to complement its core focus on grocery-anchored, open-air retail centers in top U.S. markets.
“This was a challenging role to fill,” FNRP Managing Director Fred Battisti said. “We were looking for a specific skillset that not many people have, and it took time to find the right candidate. Doug is a NNN acquisitions, disposition and leasing specialist with a diverse background and extensive experience in this product type. We are excited to have the talent in place that will allow us to partner with national NNN brokers and source new opportunities as our firm continues to grow and scale.”
A resident of Tampa, Florida, Holtzman will play a vital role in leveraging FNRP’s internal resources to generate investor value by identifying properties with near-term leasing expirations and taking those deals full cycle — from sourcing to leasing to exposition — within a target 18-month period. The firm cited his experience with a range of deals, including traditional sales, 1031 exchanges, distressed property sales and auctions, as well as his work with developers, real estate investment trusts, high net-worth investors and bank-owned real estate on both acquisitions and dispositions.
Holtzman started his career as a leasing intern with Site Centers, with a focus on Ohio, Kentucky, western Pennsylvania and western New York, according to a news release. After earning a bachelor’s in marketing from Kent State University, he joined a local brokerage firm and focused on Ohio markets, before going on to specialize in investment sales and rising to the role of vice president at Anchor Cleveland.
“Leading this new division and steering its growth is the marriage of everything I have done in my career,” Holtzman said. “I am excited to work with a company that has a national platform, a great reputation and a strong track record of closing. And in the current market, there is tremendous opportunity to leverage FNRP’s vast experience, expertise and established name to capitalize on these types of deals.”