FAMECO NEGOTIATES SALE OF 18 ACRES IN HATFIELD, PA.

     HATFIELD, PA.--Fameco Real Estate represented the Estate of George S. Snyder in the sale of 18 acres in Hatfield, Pa., to Gambone Development Company of East Norriton, Pa., it was announced by Troy Peple, president of the Conshohocken, Pa.-based firm. The sale price was not disclosed.

     According to Fameco's Ron Cappello, who represented the seller in the transaction, the sale price was more than 10% over the initial asking price as a result of Fameco's aggressive marketing efforts. He said the property has been rezoned for residential townhouses. Fameco's Jon Kieserman represented the buyer. The property at 1700 Cowpath Road is a landmark in the area, operating as a home decorating center, with a hardware/lumber store, since 1884.

     Fameco Real Estate specializes in retailer representation, owner representation, investment sales and management services in Pennsylvania, New Jersey and Delaware. The firm is the exclusive representative for 64 shopping centers and retail properties totaling 12 million square feet in the tri-state area, manages more than 5 million square feet of retail space and exclusively represents more than 50 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 60 regional brokerage firms in the U.S. and Canada.

Mar 14, 2006