FAMECO REAL ESTATE OPENS PHILADELPHIA OFFICE TO EXPAND PRESCENCE IN CENTER CITY

PLYMOUTH MEETING, PA— Fameco Real Estate, LP the region’s premier retail brokerage firm, is opening an office in center city Philadelphia to better accommodate the growth of its clientele in the market.  According to Brandon Famous, Fameco’s CEO and Partner, “Fameco’s commitment to the growing number of landlords and retailers it represents in center city requires a greater presence in the market. Establishing an office in center city will allow us to live and breathe the market every day and provide our clients with the most in-depth and current market intelligence available.” 

Fameco will be fully operational in the center city office at 1425 Walnut Street in early June.  Fameco partners Jeffrey Cohen, Brandon Famous and Rick Schuch will spearhead this new initiative. Together they are aggressively expanding the portfolio of high profile leasing assignments while simultaneously growing the stable of center city retailers Fameco represents. 

In the past few months Fameco has been retained by some the city’s most prominent owners and developers to represent them in leasing their space. Fameco now represents Dranoff Properties, AMC Delancey and Core Asset Management, the developer of the 15 acre site across from the Sugarhouse Casino, in addition to a host of other well known owners. For years, Fameco has been assisting retailers with their center city requirements.  Fameco currently represents such retailers as Ulta, Chipotle, Saxbys, LA Fitness and Walmart in the market. “We’ve been fortunate,” said Fameco Chief Operating Officer Michael Levin. “Fameco has experienced tremendous growth in the past two years. In 2008, we opened an office in central New Jersey. Today, that office represents more than 7 million square feet of leasing assignments and boasts a tremendous retail roster including such retailers as Walmart, Staples, and Buffalo Wild Wings. We expect nothing less from our center city operation. Since the recent announcement of our center city office, we have already been approached by numerous Philadelphia landlords and retailers to us to assist them with their retail requirements.”

    
The largest retail-oriented real estate brokerage firm in the region, Fameco Real Estate represents 200 shopping centers encompassing more than 20 million square feet of retail space in Pennsylvania, New Jersey, Delaware and beyond. Its management portfolio currently exceeds 11 million square feet and includes a diverse mix of shopping center types from power centers, to supermarket anchored shopping centers to unanchored strip centers.  Fameco exclusively represents more than 75 retailers expanding in the Delaware Valley, including Wal-Mart, Kohl’s, Best Buy, Staples, Five Below and Dick’s Sporting Goods.   Fameco's Investment Sales Team has completed transactions in excess of $1 billion. Fameco Real Estate 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 North America.

May 13, 2011