First National Realty Partners Acquires Marc's Grocery Center in Cleveland

Acquisition expands firm's grocery-anchored retail portfolio in the region.

Published on Mar. 9, 2026

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First National Realty Partners (FNRP), a national private equity commercial real estate firm, has acquired Marc's Grocery Center, a 63,317-square-foot retail property in South Euclid, Ohio. The acquisition expands FNRP's Cleveland metropolitan area portfolio to more than 600,000 square feet of grocery-anchored retail space across five properties located within a 10-mile radius.

Why it matters

The purchase of Marc's Grocery Center aligns with FNRP's strategy to build a portfolio of market-dominant, necessity-based retail properties. As the only grocery-anchored shopping center in South Euclid, the property faces limited direct competition within its immediate trade area, serving a population of over 117,000 residents with high average household incomes.

The details

Built in 2018, Marc's Grocery Center is anchored by the regional grocery chain Marc's, with additional tenants including Starbucks, AT&T, NextDoor Urgent Care, Great Clips, and Subway. The property sits along Mayfield Road, a major retail corridor 12 miles east of downtown Cleveland. FNRP's acquisition of the center expands its Cleveland-area portfolio, which now includes four other grocery-anchored retail properties in the region.

  • The acquisition of Marc's Grocery Center was completed on March 9, 2026.

The players

First National Realty Partners

A national private equity commercial real estate firm specializing in grocery-anchored retail centers.

Marc's Grocery Center

A 63,317-square-foot retail property in South Euclid, Ohio, anchored by the regional grocery chain Marc's.

Michael Hazinski

Chief Investment Officer of First National Realty Partners.

Erin Patton

A representative of Marcus & Millichap Institutional Property Advisors, who represented the seller in the transaction.

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What they’re saying

“The acquisition of Marc's Grocery Center is consistent with our strategy to add market-dominant assets to our portfolio. Marc's Grocery Center was built in 2018 and has high-performing tenants that benefit from a lack of retail competition in the trade area.”

— Michael Hazinski, Chief Investment Officer, First National Realty Partners

The takeaway

FNRP's acquisition of Marc's Grocery Center demonstrates the firm's strategic focus on building a portfolio of grocery-anchored retail properties in high-performing markets with limited competition. This purchase expands the company's presence in the Cleveland metropolitan area, where it now owns five such assets within a 10-mile radius.