ALDI SELECTS FAMECO FOR EXPANSION IN

EASTERN PENNA. AND NEW JERSEY

        PLYMOUTH MEETING, PA.—Aldi, an international brand leader in limited assortment grocery retailing, has selected Fameco Real Estate to represent the company in identifying new development opportunities in Eastern Pennsylvania and New Jersey, it was announced by the retail real estate firm based in Plymouth Meeting, Pa.

         According to Rick Weinberg, the Fameco representative spearheading the account, “Aldi is seeking to purchase, lease or ground lease sites in community and regional shopping districts with convenient access to population centers of at least 35,000 within three miles.” Aldi introduced the limited assortment concept in the U.S. in 1976 when it began offering private label, high-quality products at the lowest possible prices -- a policy that makes it difficult for competitors to match.  The prototypical, new Aldi market is 16,485 s.f. with a minimum of 85 dedicated parking spaces. Aldi currently has 5,000 stores in 16 countries and has in excess of 800 markets in 26 states from Kansas to the east coast.

         The Delaware Valley's foremost real estate firm in the retail sector,  Fameco specializes in retailer representation, owner representation, investment sales and management services in New Jersey, Delaware and beyond. The firm is the exclusive representative for 80 shopping centers and retail properties totaling 13 million square feet in the tri-state area, manages 7 million s.f. of retail space nationwide, and exclusively represents more than 75 retailers expanding in the Delaware Valley.  Fameco's Investment Sales Team has completed transactions in excess of $1 billion.  Fameco is the ChainLinks member shareholder in the Delaware Valley. The nation's largest retail-only real estate provider, ChainLinks encompasses 62 regional brokerage firms in the U.S. and Canada.     

 Sept 15, 2006