FAMECO PRE-LEASES NEW 210,000 SF POWER CENTER IN SOUTH BRUNSWICK, N.J. 

    PLYMOUTH MEETING, PA.--Fameco has successfully pre-leased a new 210,000 power center, Heritage Square, under construction at Stouts Lane and Route 1 in South Brunswick, N.J., it was announced by Jon Kushner, a Fameco principal and member of the firm's Heritage Square leasing team.   Fameco is based in the Plymouth Meeting, Pa.

    Kushner and Fameco's Perry GraBois began their involvement with Heritage Square in early 2004,  when they identified the site for sale and then represented the current developer, Pineville Properties of Valley Forge, Pa., in purchasing the property.  The center is scheduled for completion in March 2007. 

    Among the proposed anchors are Target, 120,000 s.f.; Best Buy, 30,000 s.f.; Staples, 20,388 s.f., and PetSmart, 15,000 s.f.  Also negotiating leases are Subway, Hair Cuttery, Dunkin Donuts and a pad for Chase Bank.  GraBois noted that additional space is still available.

    The Delaware Valley's foremost real estate firm in the retail sector, 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 6.5 million s.f. of retail space nationwide, 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. 

Jun 16 , 2006