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Valmont Plaza, Hazleton, Pennsylvania

WP Realty, a real estate investment, development, management and leasing company headquartered in Bryn Mawr, Pennsylvania, is pleased to announce the acquisition of Valmont Plaza located in Hazleton, Pennsylvania, on March 16, 2007.

Valmont Plaza is a 200,164 square foot community shopping center situated on Susquehanna Boulevard (State Route 93), less than one mile east of US Interstate 81 via exit 145. Susquehanna Boulevard is the major route to downtown Hazleton, home to the Pennsylvania State University ñ Hazleton campus.

The center is anchored by Big Lots in 41,217 square feet. There is an anchor space of 96,000 square feet that was formerly occupied by Ames. The property enjoys excellent visibility along Route 93 and is accessible via a signalized intersection.

Valmont Plaza 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.