FAMECO NEGOTIATES THREE LEASES FOR

RITA'S WATER ICE IN NEW JERSEY 

          PLYMOUTH MEETING, N.J.--Fameco Real Estate negotiated leases for Rita's Water Ice Franchise Partners, which will open in time for the 2007 summer season, it was announced by Brandon Famous, CEO and founder of the retail real estate firm based in Plymouth Meeting, PA.

         Fameco's Perry GraBois acted on behalf of Rita's and the various landlords in the lease transactions.  They include 1,000 s.f. at 46th and Liberty Avenue in Little Ferry, N.J., a former Boston Market now occupied by Rita's and Starbucks; 850 s.f. at Heritage crossing, Route 1 and Stoudts Lane in South Brunswick, N.J., and 820 s.f. at Beach Avenue and Guraley Street in Cape May, N.J., where it will co-tenant with Frank Theaters. 

      The owner of the Little Ferry site is RAV Properties.  Pineville Properties owns the South Brunswick center, anchored by Target, Staples, Best Buy and PetSmart.  Frank Investments owns the Cape May property.  

      GraBois noted that the 400 plus Rita's Water Ice chain is undergoing substantial expansion for the 2007 peak selling season, with 150 new stores coming on line chain-wide. 

         Fameco Real Estate is the Delaware Valley's foremost real estate firm in the retail sector.  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 80 shopping centers and retail properties totaling 13 million square feet in the tri-state area, manages 8.2 million s.f. of retail space nationwide, and exclusively represents more than 75 retailers expanding in the Delaware Valley. Fameco's Investment Sales Team has completed transactions in excess of $1 billion.

         Fameco is the ChainLinks member shareholder in the Delaware Valley. The nation's largest retail-only real estate provider, ChainLinks encompasses 62 regional brokerage firms in the U.S. and Canada.

April 13, 2007