BLACK DIAMOND MOUNTAIN SPORTS TO OPEN

SECOND STORE IN SOUTH JERSEY

         PLYMOUTH MEETING, PA.--Fameco Real Estate has negotiated a 35,000 s.f. lease for Black Diamond Mountain Sports in Larchmont Commons, Ark Road and Route 38, Mt. Laurel, N.J.

    According to Larry Zipf, Senior Vice President, Owner Services of the retail real estate firm based in Plymouth Meeting, Pa., Black Diamond is scheduled to open in June 2007, when it will anchor the 110,000 shopping center owned by the Lightstone Group.

    Black Diamond leased the space formerly occupied by Supervalu.  Fameco’s Dan Shabel represented the Sublessor, Supervalu, and the tenant in the transaction.

    Known for its large inventory of outdoor sports equipment for skiing, snowboarding, mountaineering, surfing and biking, Black Diamond Mountain Sports will also feature a rock climbing wall, indoor skate park and cafe.  Black Diamond also has a store in the Moorestown Mall.

     Fameco Real Estate is 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 Pennsylvania, 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.     

Oct 20, 2006