WP Realty and Angelo, Gordon & Co. broker sale of Fairlawn Town Center

WP Realty and Angelo, Gordon & Co. brokered the sale of Fairlawn Town Centre, a 447,037 s/f community shopping center. The subject is comprised of five buildings including one restaurant pad and is anchored by several national and regional retailers. WP Realty purchased Fairlawn in May 2010. The acquisition of the center included a vacant 39,840 s/f junior anchor box. WP Realty utilized its relationships and expertise in leasing, development and management to solidify all tenancies and lease a majority of the 57,000 s/f of vacant 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.