FAMECO TO SELL LA FITNESS IN EASTON, PA

Plymouth Meeting, PA, Fameco Real Estate LP, The region’s premier retail real estate firm, is pleased to announce that it has been appointed the exclusive to sell a net leased LA Fitness location in Easton, PA.

The 37,923 square foot freestanding property is located in the heart of Easton’s retail corridor amidst a host of national and regional retailers. Constructed in 2009, the property has a 15 year net lease, with initial sales exceeding expectations.  Fameco Investment Sales team members Carlo Caparruva, Dale Peterson and Andrew Trabold will be marketing the assignment for Fameco, who expect to draw interest from institutional and private Investors throughout the country. 

“The institutional community has been acquiring LA Fitness locations nationwide for some time now, said Caparruva.  “It is a strong endorsement of LA Fitness as a company and a leader in the fitness community.”   

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., Canada and Europe.

June 4,2010