RREEF APPOINTS FAMECO TO SELL THE
STREETS OF CHESTER  

WOODBRIDGE, NJ – Fameco Real Estate, L.P., the region’s foremost full service retail real estate firm is pleased to announce that it has been awarded the assignment to sell the Streets of Chester, located on Route 206 in Chester, NJ.

Owned by RREEF, The Streets of Chester is a 104,682 square foot lifestyle center located in the heart of affluent Chester, NJ. It has a strong merchandizing mix including such high end national retailers as Coach, Chico’s, Gap, Talbots, Coldwater Creek, and Banana Republic, among others. According to Carlo Caparruva, the Fameco Director who secured the assignment, “this asset is a prime target for acquisition in the current marketplace. It is a well positioned center with a nationally recognized tenancy and low vacancy. In addition, there are some significant barriers to entry in this market due to low asset turnover and a lack of retail development in the foreseeable future. Caparruva is currently marketing this center nationally to Institutional and private investors that will benefit from the tenancy, location and demographic that The Streets of Chester has to offer.  

Fameco specializes in retailer representation, owner representation, investment sales and management services in New Jersey, Pennsylvania, and Delaware and beyond. The firm is the exclusive representative for over 200 shopping centers and retail properties totaling 17 million square feet, manages more than 11 million square feet of retail space and exclusively represents more than 75 retailers expanding in the tri-state area.  Fameco’s Investment Sales Team has completed transactions in excess of $1 billion.  Fameco is the Chain Links member shareholder in the Delaware Valley. Chain Links is the nation's largest retail-only real estate provider with 62 regional brokerage firms in the U.S. and Canada.

Apr. 16, 2010