Turning Vision into Value
940 Haverford Road
Bryn Mawr, PA 19010
T 610-552-6000
F 610-552-6001
Contact Us

Adding value through expert redevelopment and leasing strategies.

News

WP Realty acquires Mayfair Shopping Center

Mayfair Shopping Center, Philadelphia, Pennsylvania

Bryn Mawr, PA – December 15, 2010 – WP Realty is pleased to announce the acquisition of Mayfair Shopping Center located in Philadelphia, Pennsylvania.

Mayfair Shopping Center is located along highly travelled Frankford Avenue (42,000 vehicles per day) in a densely populated pedestrian friendly neighborhood in Northeast Philadelphia. The area enjoys easy access to the entire greater Philadelphia area via mass transit bus lines which routinely stop within walking distance to the center. The center has excellent visibility along Frankford Avenue and Hellerman Street and is strategically located in this close-in bedroom community to draw consumer traffic from the local neighborhood. Over 50,000 people live within one mile of the center.

Mayfair Shopping Center is a single-story 115,411 square foot community shopping center comprised of four buildings including one bank pad (Wachovia). The center is arranged around a central parking field with ingress and egress to Frankford Avenue, Levick Street, and Hellerman Street. The shopping center is anchored by national and regional retailers including Shop ‘n Bag, Dollar Tree, and Fashion Bug. In-line retail tenants include a mix of national, regional, and local tenants including GameStop, Radio Shack, Foot Locker, Payless, and Hallmark.

Mayfair Shopping Center is currently 86% occupied with 16,339 square feet of available retail space.

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.