CALIFORNIA FIRM SELECTS FAMECO TO MANAGE MAJOR CENTER IN ANDERSON, S.C.

     LOS ANGELES, CA.--SCI Real Estate Investments of Los Angeles has selected Fameco Real Estate as asset manager for Anderson Station in Anderson, South Carolina, it was announced by Larry Zipf, Senior Vice President of Owner Services at the retail real estate firm based in Conshohocken, Pa. Zipf said the 200,000 s.f. shopping center at the intersection of Highway 76 and the new Highway 28 Bypass is anchored by Old Navy, Bed Bath & Beyond, Ross Dress for Less, Pier 1 and Hobby Lobby.

     The new assignment is the second since SCI chose Fameco as its national asset manager. Earlier, Fameco was named manager of Price Plaza, a 270,000 s.f. power center in Houston, Texas. Zipf will oversee both assignments.

     According to Troy Peple, President of Fameco, SCI's selection of Fameco "is indicative of the company's growing presence in the national asset management arena. Among other things, Fameco will coordinate local property management and leasing, as well as financial, capital and strategic planning for both centers."

     Fameco Real Estate specializes in tenant representation, owner representation, investment sales and property management in Pennsylvania, New Jersey and Delaware. The firm, which also has offices in Princeton, N.J., and Allentown, Pa., is the exclusive representative for 64 shopping centers and retail properties totaling 12 million square feet in the tri-state area, manages more than 6 million square feet of retail space and exclusively represents more than 55 retailers expanding in the Delaware Valley. Fameco's Investment Sales Team has sold shopping centers worth more than $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.

Apr 12, 2006