FAMECO NEGOTIATES LEASE FOR

PANERA BREAD IN SCRANTON, PA. CENTER

         SCRANTON, PA.--Fameco Real Estate has negotiated a 4,235 s.f. lease for a Panera Bread bakery-cafe at the Shoppes at Montage in Scranton, Pa.  Scheduled to open in March 2007, it will be the rapidly growing chain's 23rd location in the region.

    Located off 1-81, the 300,000 s.f. lifestyle center owned by Anderson Real Estate is anchored by Christmas Tree Shops, Eddie Bauer and Gap.

    According to Fameco's Rick Schuch, who represented Panera Bread in the transaction, four additional Panera Bread units are currently under construction in Trexlertown, Wynnewood and West Chester, Pa., and Cherry Hill, N.J.  He said a total of 48 Panera Bread locations are planned for this region, in which Fameco is the chain's exclusive tenant representative.

    Based in Plymouth Meeting, Pa., Fameco Real Estate is the Delaware

Valley's foremost real estate firm in the retail sector. Fameco 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 80 shopping centers and retail properties totaling 13 million square feet in the tri-state area, manages 7.2 million s.f. of retail space nationwide, and exclusively represents more than 75 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 62 regional brokerage firms in the U.S. and Canada.  

Nov 17, 2006