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501 South Walnut Street
SOLD

First National Realty Partners Acquires Christina Crossing Shopping Center In Wilmington, DE For $29.8M

501 South Walnut Street

Retail
119,446 SF
clock iconSold 181 days ago
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Summary

Sale
DELAWARE
Retail
119,446 sqft

First National Realty Partners, represented by Josh Champion, purchased Christina Crossing, a 119,446-square-foot retail property located at 501 South Walnut Street in Wilmington, DE, for a total of $29.8 million. The property was acquired from a joint venture of KPR Centers and DRA Advisors LLC.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $29,800,000
  • Square Footage: 119,446
  • Price per Square Foot: $249
  • Address: 501 South Walnut Street, Wilmington, DE
  • Market: Wilmington, DE

JLL represented the seller, Red Bank, in the transaction.

It is noteworthy that First National Realty Partners successfully acquired Christina Crossing from the joint venture of KPR Centers and DRA Advisors LLC. JLL acted as the seller's representative in this transaction, ensuring a smooth deal for all parties involved.

Details

Deal Summary
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SOLD
IMAGE: Josh Champion DATE: 11/09/2023 ADDRESS: 501 South Walnut Street MARKET: Wilmington, DE ASSET TYPE: Retail BUYER: Josh Champion - First National Realty Partners SELLER: Red Bank BROKER: JLL SALE PRICE: $29,800,000 SF: 119,446 ~ PPSF: $249 NOTE: First National Realty Partners purchased Christina Crossing, a 119,446-square-foot shopping center in Wilmington, Del., for $29.8 million, acquiring it from a joint venture of KPR Centers and DRA Advisors LLC, with JLL representing the seller in the transaction.

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Address501 South Walnut Street

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