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Festival at Exton, Exton, Pennsylvania

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WP Realty, a real estate investment company based in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of the Festival at Exton on December 16, 2005.

Festival at Exton is a well-located community shopping center totaling 145,000 square feet that is located on the busy retail corridor of Route 30 in Exton, Pennsylvania.

There is a mix of national and regional tenants including Applebeeís, Rite-Aid, Kinkoís and Bonefish Grille. The buildings have attractive brick faÁades and there is easy access to the property via a signalized intersection and several entrances. The main shopping center was built in 1991, followed by the Ruby Tuesdayís building in 1997.

There is tremendous potential to increase the value of the property via lease-up of the anchor and junior anchor spaces as well as the small store vacancies. Principals of WP Realty have extensive experience and expertise in re-leasing anchor spaces and have already commenced marketing of the vacant space.

Route 30 is one of the dominant thoroughfares in the Main Line area and extends from Philadelphia in the east to Lancaster in the west. Exton is one of the fastest growing and most affluent towns in the region, with an average household income within a five-mile radius of $117,372. It is a popular shopping destination featuring many upscale shops and restaurants.