FAMECO NEGOTIATES LEASE FOR

PAYLESS SHOESOURCE  IN

ATLANTIC CITY'S DYNAMIC RETAIL DISTRICT

       ATLANTIC CITY, N.J.-- Fameco Real Estate represented Payless ShoeSource in a long-term, 5,017 s.f. lease at Baltic and Arkansas Avenues in Atlantic City's famous mixed-use district, "The Walk."  The store is scheduled to open this fall.  Fameco’s Jed Masloff represented Payless in the transaction.

    The largest specialty family footwear retailer in the western hemisphere, Payless will join such popular retailers as Liz Claiborne, Brooks Brothers, Coach, Banana Republic, Guess, Tommy Hilfiger, Kenneth Cole and many others in "The Walk," which spans 15 city blocks at the foot of the Atlantic City Expressway -- the major corridor from Philadelphia and its suburban communities.

    Founded in 1956 in Topeka, Kansas, Payless serves millions of customers annually through its network of more than 4,500 stores in all 50 states, Canada, Puerto Rico, the U.S. Virgin Islands, Central and South America, and the Caribbean.  Sales in fiscal year 2006 totaled $2.8 billion.

         Based in Plymouth Meeting, Pa., Fameco 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 14 million square feet in the tri-state area, manages 8.75 million s.f. of retail space 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. Chainlinks is the nation's largest retail-only real estate provider with 62 regional brokerage firms in the U.S. and Canada. 

August 24 , 2007