12C — March 16 - 29, 2012 — The Best of 2011 — Mid Atlantic Real Estate Journal
www.marejournal.com
The Largest RetailAcquisition of 2011 WP Realty Carlisle Crossing — $17.9 Million — Katz Properties Kenhorst Plaza — $16.15 Million — NAI Hanson 9001 Woody Terrace — $14 Million —
Carlisle Crossing
Kenhorst Plaza
WP Realty acquired Carlisle Crossing, a 368,000 s/f power center anchored by Kohl’s, Target, Michael’s, Old Navy and Aldi. The center, constructed in 2006, is located in the heart of the area’s retail corridor and features superior visibility from one of Pennsylva- nia’s most traveled highways, Interstate 81. Since acquiring a 154,000 s/f portion of the property in June 2011, WP Realty has been successful in adding occupancy and is confident that the quality and loca- tion of the asset will allow the leasing momentum to continue well into and beyond 2012. 2012-MAREJ-best-of_Layout 1 3/5/12 11:14 AM Page 1
Kenhorst Plaza shopping center in Shillington, PA was purchased for $16,150,000. The 162,000 square foot supermarket anchored shopping center, built in 1990 and situated on 19.2 acres, is located at 1895 New Holland Road just three miles south of down- town Reading, PA. Kenhorst Plaza is currently 89% occupied by twenty tenants including a high volume Redner’s Warehouse Market. National retailers located in the center are Dollar Tree, Fashion Bug, General Nutrition Center, H&R Block, Sears Hardware and a US Post Office. The outparcel tenants at the center are Dairy Queen and Susquehanna Bank.
9001 Woody Terrace
City, State: Clinton, MD Sale Price (required): $14 million Size (square footage/acreage): 38,222 s/f Shopping Center Broker(s): Hal B. Messer, Associate VP Shopping Center tenanted by Walgreens, TD Bank & Office Depot
TURNING VISION INTO VALUE
ACQUISITION, RENOVATION, AND DEVELOPMENT ENCOMPASSING 45 SHOPPING CENTERS, 10 MILLION SF OF RETAIL IN 10 STATES
WP REALTY is proud to have received The Mid-Atlantic Real Estate Journal's “Best of 2011” top honors in two categories for mid-sized firms: Largest Retail Acquisition and Largest Retail Sale.
Corporate Headquarters 940 Haverford Road Bryn Mawr, PA 19010
Leasing Charter Realty & Development Corp.
Acquisitions Joseph R. Staugaard, III, CFA jstaugaard@wprealty.com 610-552-6062
610-552-6000 wprealty.com
203-227-2922 chartweb.com
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