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Bryn Mawr, PA 19010
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F 610-552-6001
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WP Realty acquires Chesterfield Marketplace

Chesterfield Marketplace, Midlothian, Virginia

Bryn Mawr, PA – June 9, 2011 – WP Realty is pleased to announce the acquisition of Chesterfield Marketplace located in Midlothian, Virginia. This acquisition marks WP Realty’s tenth acquisition of the year.

Chesterfield Marketplace is in the heart of the major retail corridor in the greater Richmond area approximately ten miles west of downtown Richmond on Midlothian Turnpike (U.S. Route 60). Adjacent to the property is Chesterfield Town Center, the trade area’s dominant enclosed regional mall including over one million square feet of retail space.

Chesterfield Marketplace is a one-story 428,576 square foot community shopping center anchored by PetSmart in 26,040 square feet, Staples in 24,049 square feet, and TJ Maxx in 30,000 square feet and shadow anchored by Home Depot in 150,000 square foot and Toys R Us in 66,009 square foot.

The portion of the center acquired, 197,942 square feet, is currently 54% occupied with 91,232 square feet of available space, including a 40,000 square foot junior anchor space, a 37,500 square foot junior anchor space and 13,732 square feet of small store retail space.

WP Realty is a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, The principals of WP Realty have extensive expertise in leasing and entrepreneurial management and turning underperforming centers around.

Please contact WP Realty at 940 Haverford Road, Bryn Mawr, PA 19010 (610) 552-6000, fax (610) 552-6001 or for additional information visit our website at www.wprealty.com.