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Adding value through expert redevelopment and leasing strategies.


Foxborough Plaza, Foxborough, Massachusetts

WP Realty, a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of Foxborough Plaza located in Foxborough, Massachusetts, on December 21, 2006.

Foxborough Plaza is a 119,000 square foot community shopping center situated on Commercial Street (Route 140), just off Interstate 95 at exit 7, approximately 24 miles southwest of Boston. It enjoys excellent access, visibility and traffic counts with extensive frontage along State Route 140. Foxborough is a major draw for visitors, with Gillette Stadium, home of the New England Patriots, only four miles away. Foxborough is a picturesque premier suburb of Boston that is also known as ìthe gem of Norfolk Countyî.

The center is anchored by Ocean State Job Lot in 22,050 square feet. There is an anchor space of 60,000 square feet that was formerly occupied by Bradlees. Other notable tenants include Papa Ginoís, Radio Shack and Cingular. The property was constructed in phases in 1972 and 1983.

Foxborough provides an excellent opportunity to acquire a well-located community shopping center with considerable upside through the lease-up of the vacant anchor space. The principals of WP Realty have extensive expertise in leasing and entrepreneurial management and turning underperforming centers around.