FAMECO REAL ESTATE NEGOTIATES

FIRST SONIC DEAL IN MARKET

 
     PLYMOUTH MEETING, PA.— Fameco Real Estate, L.P., the region’s foremost full service retail real estate firm has negotiated a lease on behalf of Sonic in Wilkes-Barre, PA, it was it was announced by Brandon Famous, CEO and founder of Fameco.

     Jed Masloff and Richard Schuch represented NEPA Burgers, LLC, a Sonic franchisee, in the deal.  The drive-in style fast food restaurant will be the first Sonic in the market and will have a drive-through and 22 drive-in stalls.  The site, formerly a KFC, is located on an outparcel of the Wyoming Valley Mall.  A summer 2009 opening is anticipated.

     The Sonic franchisee plans to open 5-10 new Sonic locations over the next five years in Northeastern Pennsylvania, including Columbia, Lackawanna, Luzerne, Monroe and Schuylkill counties. 

      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 150 shopping centers and retail properties totaling 17 million square feet, manages more than 10 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.

November 14, 2008