FAMECO NAMED LEASING AND SALES AGENT FOR TWO NEW JERSEY SHOPPING CENTERS

     PLYMOUTH MEETING, PA.— Fameco Real Estate, L.P., is pleased to announce that it has secured both the exclusive leasing and sale assignments for the Bordentown Shopping Center and the Delran Shopping Center.

According to Fameco Principal Jeffrey Cohen, “we are thrilled to be awarded this opportunity. One of Fameco’s strengths is its ability to re-tenant an underperforming center, increase its asset value and, at the owner’s direction, ultimately sell the center.” The Bordentown Shopping Center, located at Route 206 and Martin Avenue, in Bordentown, New Jersey is a 178,670 square foot center anchored by ShopRite and contains over 100,000 square feet of vacant space, providing significant upside potential for a developer or big box user. In addition, there is a pad site and excess land that has not yet been developed. The Delran Shopping Center is well located in the heart of the retail corridor at Route 130 and Chester Avenue in Delran, New Jersey and is surrounded by big box retailers including Walmart, Sam’s Club, Target, Home Depot, Lowe’s and Shop Rite. The 171,449 square foot center is vacant and represents a true value-add opportunity for a developer. Jeffrey Cohen will spearhead the leasing efforts and Fameco Senior Director Ron Cappello will direct the sales effort.    

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 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.

July 30,2010