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Hooksett Village Shops, Hooksett, New Hampshire

WP Realty, a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of Hooksett Village Shops located in Hooksett, New Hampshire, on July 19, 2007.

Hooksett Village Shops is a 250,638 square foot retail shopping center located on Daniel Webster Highway (Route 3) in the town of Hooksett. Hooksett is a quintessential New England town that is approximately five miles north of Manchester in south-central New Hampshire. The property is strategically situated close to the intersection with State Route 28, and is easily accessible via a signalized intersection along Route 3. It is also close to Interstates 93 and 293 to the west.

The shopping center is anchored by Wal-Mart in 82,550 square feet, a newly expanded and renovated Shawís Supermarket in 56,007 square feet, and Jo-Ann Fabrics in 12,500 square feet. It was built in 1989 and underwent a multi-million dollar transformation in 2006 with a faÁade renovation, roof replacements, new sidewalks and site lighting, updated landscaping and a new pylon sign.

Hooksett Village Shops provided an excellent opportunity to acquire a well-located community shopping center with upside through the lease-up of vacant space (34,036 square feet).