FAIRLAWN, OH-WP Realty, based in Bryn Mawr, PA, has purchasedthe 447,037-square-foot Fairlawn Town Centre retail property here.The company bought the 55-year-old center with assistance fromAngelo, Gordon & Co. The sales price and former owner was notprovided.

The property has five buildings, including one restaurant pad,and is anchored by retailers such as Giant Eagle, Home Goods andPet Supplies Plus. Smaller tenants include subway, Chuck E. Cheese,the US Post Office, Panera Bread and Radio Shack. The site alsoincludes a Target that is separately owned.

There’s a vacant former Circuit City store also on the property.This 40,000-square-foot empty store is included in the roughly64,000 square feet of vacancy at the site. Rents at the site rangefrom $13.50 to $16 per square foot, according to managers Edens& Avant Inc. The property is just south of the Cleveland retailarea, about five miles from the University of Akron.