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WP Realty acquires Plaza at the Pointe, Pittsburgh, Pennsylvania

WP Realty acquires Plaza at the Pointe, Pittsburgh, Pennsylvania

Bryn Mawr, PA – May 29, 2013 – WP Realty is pleased to announce the acquisition of Plaza at the Pointe located in Pittsburgh, Pennsylvania.

Plaza at the Pointe is a 149,016 square foot, multi-tenant retail center located in the Parkway West retail corridor, approximately 5 miles from the Pittsburgh International Airport and 10 miles from the Pittsburgh central business district. The Parkway West corridor is one of the strongest retail submarkets in the Pittsburgh MSA and is defined by the cluster of retail and office space located at the interchanges of Interstate 376, U.S. Route 60, and U.S. Routes 22/30.

Developed in 1998, Plaza at the Pointe is anchored by Bed, Bath & Beyond, Old Navy, La-Z-Boy, and Party City and boasts a compelling mix of national and regional retailers. The center is shadow anchored by Latitude 40, a recently redeveloped 60,000 square foot entertainment center. The property is surrounded by many of the nation’s top retailers.

The center, with excellent visibility, large regional market draw, and solid following within the trade area, creates an excellent opportunity to lease the remaining 21,556 square foot anchor 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.

Please contact WP Realty at 940 Haverford Road, Bryn Mawr, PA 19010, (610) 552-6000 for additional information.