FAMECO ADDS 200,000 SQUARE FEET TO ITS LEASING & MANAGEMENT PORTFOLIO

     PLYMOUTH MEETING, PA.— Fameco Real Estate, L.P., the region’s foremost full service retail real estate firm is pleased to announce that it has secured both the exclusive leasing and management assignments for Mt. Pocono Plaza in Mt. Pocono, PA.

Mt. Pocono Plaza is 207,000 square foot community shopping center located on Route 947 in Mount Pocono, PA. It is anchored by a Weis Supermarket and Kmart. The center’s owner, Mr. Ahmad Amer said, “ Amer LLC wanted a single provider for both leasing and property management.  Fameco’s strong service platform allows us to accomplish this goal. Their strength lays in their market knowledge, strong leasing reputation and retailer relationships on the leasing side and superior management acumen on the property management side.”   Fameco’s Marc Mandel will lead the leasing team and Kathy Blessing will handle the property management.

In these times of economic uncertainty, both Fameco’s Ownership Representation division and Property Management division have continued their growth trend.  Fameco currently leases in excess of 17 million square feet and has secured assignments with a broad range of owners including institutions, REITs and entrepreneurs.  For the past five years Fameco’s Management division has been named to Chain Store Age’s list of fastest growing third party management companies nationally. The addition of Mt. Pocono Plaza to the management portfolio puts the total square footage managed at 11.5 million square feet.

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 over 200 shopping centers and retail properties totaling 17 million square feet, manages more than 11.5 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 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.

June 18,2010