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940 Haverford Road
Bryn Mawr, PA 19010
T 610-552-6000
F 610-552-6001
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WP Realty acquires Shaw's Portfolio

Bryn Mawr, PA – May 11, 2010 – WP Realty and Angelo, Gordon & Co. are pleased to announce the acquisition of the Shaw’s Portfolio.

The Shaw’s Portfolio consists of seven Shaw’s anchored shopping centers and one free-standing Hannaford Bros. located throughout Massachusetts, Maine, and Rhode Island totaling 659,143 square feet:

The portfolio is comprised of the following:

  • Cushing Plaza – a 71,210 square foot retail shopping center in Cohasset, Massachusetts
  • Shaw’s Plaza – a 104,923 square foot retail shopping center in Easton, Massachusetts
  • Shaw’s Plaza – a 57,181 square foot retail shopping center in Hanover, Massachusetts
  • Shaw’s Plaza – a 59,766 square foot retail shopping center in Plymouth, Massachusetts
  • Hannaford Bros. – a 45,882 square foot retail shopping center in Waltham, Massachusetts
  • Shaw’s Plaza – a 124,331 square foot retail shopping center in North Windham, Maine
  • Shaw’s Plaza – a 119,015 square foot retail shopping center in Waterville, Maine
  • Marketplace Center – a 76,835 square foot retail shopping center in Warwick, Rhode Island

The portfolio is 97% leased and contains a strong mix of national, regional, and local tenants including Shaw’s occupying 419,098 square feet across the portfolio, Hannaford Bros. (45,882 square feet), Staples (23,942 square feet), Flagship Cinemas (23,788 square feet), Michael’s (18,200 square feet), Rite Aid (16,714 square feet), and Walgreens (13,500 square feet), among others.

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.