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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 sells Fairlawn Town Centre

Fairlawn Town Centre, Fairlawn, Ohio

Bryn Mawr, PA – February 4, 2013 – WP Realty and Angelo, Gordon & Co. are pleased to announce the sale of Fairlawn Town Centre located in Fairlawn, Ohio.

Fairlawn is conveniently positioned in Summit County, just west of Akron and 35 minutes from downtown Cleveland, the second largest city in Ohio. The University of Akron, with an enrollment of 25,000 students, is located less than five miles from the property.

Fairlawn Town Centre is a 447,037 square foot community shopping center comprised of five buildings including one restaurant pad and is anchored by several national and regional retailers including Giant Eagle, Target (separately owned), Home Goods, Pet Supplies Plus, Ashley Furniture and Marc’s. In-line retail tenants include a mix of national, regional, and local tenants including U.S. Post Office, Chuck E. Cheese, Panera Bread, GNC, Subway, and Radio Shack.

WP Realty purchased Fairlawn in May 2010. The acquisition of the center included a vacant 39,840 square foot junior anchor box formerly occupied by Circuit City. Fairlawn Town Centre provided an excellent opportunity to acquire a well-located stable grocery-anchored shopping center with considerable immediate upside through the lease-up of the vacant anchor and inline space.

WP Realty utilized its strong relationships and expertise in leasing, development and management to solidify all tenancies and lease a majority of the 57,000 square feet of vacant space including 27,587 square feet to Ashley Furniture, the relocation and expansion of Pet Supplies Plus, and the relocation and expansion of Lucky Shoes to enable a 17,000 square foot expansion of Giant Eagle.

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.