FAMECO TO REPRESENT THREE DISPOSTION ASSIGMENTS FOR A&P

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 retained by The Great Atlantic & Pacific Tea Company (“A&P”) to dispose of 3 former supermarkets totaling 150,000 sf.

The disposition assignment includes 2 former Pathmark stores; a 74,820 unit in the Oak Tree Center, Edison, NJ and a 49,596 sf unit in Allaire Plaza, Wall Township, NJ. The third unit was a former 25,037 sf A&P; a freestanding location in Clark, NJ.   The demographics are strong in all 3 markets with median household incomes above $80,000. According to Fameco Directors Carlo Caparruva and Steven Winters who will be handling the assignments, “these trade areas are densely populated with high income levels. All three availabilities are well located within their respective markets and offer retailers good visibility, access and parking.  

Fameco specializes in retailer representation, owner representation, investment sales and management services in New Jersey, Pennsylvania, 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. 

October 23, 2010