LEASING CONTINUES AT PAOLI VILLAGE SHOPPES

PLYMOUTH MEETING, PA.— Fameco Real Estate, L.P., the region’s foremost full service retail real estate firm is pleased to announce that Jake’s Frozen Custard has signed a 1,900 square foot lease at Paoli Village Shoppes, Route 30, Paoli, PA.  According to Dave Vitali, the Fameco salesperson that represented Jake’s as well as the center’s owner, Paoli Village Shoppes, “we’re excited to have Jake’s as a tenant. It is unique to the area and should be a great draw to the center.” Jake’s is not a traditional ice cream shop. It is fashioned after a Wisconsin Custard Stand with a menu anchored by “made fresh daily” Wisconsin Style Frozen Custard, “hot off the grill” Johnsonville bratwurst and deep fried Wisconsin Cheddar Cheese Curds. Jake’s will have indoor seating and plans to be open by late summer.  Paoli Village Shoppes is located on heavily trafficked Route 30 on the Western Main Line. It’s anchored by Cutter’s Mill. With the Jake’s Frozen Custard lease and the recent signing of Saxby’s, Paoli Village Shoppes is now 100% leased.

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., Canada and Europe.

June 11,2010