FAMECO NEGOTIATES LEASE FOR CHIPOTLE MEXICAN GRILL ON CITY LINE AVE IN PHILA. 

       PHILADELPHIA, PA.-- Fameco Real Estate negotiated a 2,500 s.f. lease for Chipotle Mexican Grill at the new shopping center on the site of the former Adams Mark Hotel at 4040 City Line Avenue in Philadelphia. 

       Fameco's Rick Schuch and Gary Leone were the brokers in the transaction, the first Chipotle Mexican Grill in the Philadelphia market.  The 180,000 s.f. center which is anchored by Target is scheduled to open this fall.  Chipotle opened earlier this week.

    Chipotle, which operates 640 restaurants nationwide, selected Fameco as its exclusive tenant rep in Pennsylvania and New Jersey.  Renowned for its gourmet burritos and tacos, Chipotle Mexican Grill features a variety of freshly prepared Mexican food.

    Based in Plymouth Meeting, Pa., Fameco 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 90 shopping centers and retail properties totaling 14 million square feet in the tri-state area, manages 9 million s.f. of retail space 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. Chainlinks is the nation's largest retail-only real estate provider with 62 regional brokerage firms in the U.S. and Canada. 

October 26, 2007