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News

Colonie Plaza, Albany, New York

WP Realty, a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of Colonie Plaza, located in Albany, New York, on November 20, 2006.

Colonie Plaza is a 139,616 square foot retail shopping center located on Central Avenue, which serves as a major business corridor to downtown Albany. Albany, the capital of New York, has undergone an extensive redevelopment in recent years, with Central Avenue targeted as a Business Improvement District. There is easy highway access to the property via Interstates 90 and 87.

The center is anchored by Price Chopper in 60,000 square feet, together with a complementary mix of national and local tenants. The property was constructed in 1987.