FAMECO NEGOTIATES PURCHASE OF SHOPPING CENTER IN HAZLETON, PA.

     HAZLETON, PA.--Fameco Real Estate represented the buyer in the purchase of the Hazleton Shopping Center in Hazleton, Pa., it was announced by Troy Peple, president of the Conshohocken, Pa.-based retail real estate firm. The price was not disclosed.

     Fameco's Dan Shabel, who represented Vanick Properties Inc., Westwood, N.J., in the transaction, said the 84,010 s.f. shopping center on West Broad Street is anchored by Save-A-Lot and Dollar Tree, along with Bank of America and Rent-A-Center. The seller was Hazleton Shopping Center Associates, LP.

     Fameco Real Estate 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 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 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