STOP & SHOP SELECTS FAMECO FOR PROPERTY MANAGEMENT OF 33 PROPERTIES IN NY AND NJ

       QUINCY, MA.--The Stop & Shop Supermarket Company, LLC, owned by Ahold USA, has selected Fameco Real Estate for property management of more than 30 Stop & Shop properties in New York and New Jersey.

        According to Larry Zipf, Senior Vice President, Owner Services at the retail real estate firm based in Plymouth Meeting, Pa., the properties involved will total more than 1 million s.f.  Already under management by Fameco are several Stop & Shop properties located on Long Island, N.Y., and in New Jersey.  An additional 30 properties on Long Island and throughout New Jersey came on line in May. 

    Fameco Property Management's Kathy Blessing, who was instrumental in securing Stop & Shop as a Fameco client, will be in charge of the expanded portfolio.  She said it was Fameco's "long-term performance on behalf of Stop & Shop that led the company to select us for this challenging assignment."

       Zipf noted that Stop & Shop, based in Quincy, Massachusetts, is the second major company to select Fameco for property and asset management outside the Delaware Valley, which has been Fameco's primary area of concentration. 

        "With Stop & Shop and the addition of a significant portfolio

encompassing more than $330 million in retail properties in the west, south central, southeast and midwest U.S. in 2005, Fameco is now national in scope and in the services it provides its clients," he said.  The Delaware Valley's foremost real estate firm specializing in the retail sector, Fameco more than doubled its property management business to 4 million s.f. in 2005. With the addition of the Stop & Shop portfolio, Fameco's property management portfolio now exceeds 6.4 million s.f.

       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 and exclusively represents more than 55 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.     

May 31, 2006