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632 Montgomery Avenue, Narberth, PA

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WP Realty, a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of 632 Montgomery Avenue on July 25, 2006 on behalf of the WP Main Line Fund I, L.P.

632 Montgomery Avenue is located between Meeting House Lane and Haverford Avenue in Narberth. Narberth is known as the heart of the ìMain Lineî area of Philadelphia. It is a ? square mile Borough located in the center of Lower Merion Township, and is a densely populated area with above average household incomes. It is close to other historic towns such as Haverford, Bryn Mawr, Ardmore, and Wynnewood, and is situated approximately one mile from the intersection of Route 30 and Route 1 (City Line Avenue). Montgomery Avenue is a busy retail thoroughfare that extends from Bala Cynwyd to King of Prussia.

632 Montgomery Avenue is a three story office building containing 12,032 square feet. The building is 66% occupied. The dental office, M&D Practice, occupies the entire second floor, while the third floor is partially utilized by Attorney Phil Yamplosky. The property was completed in 1979.