FAMECO NEGOTIATE S THE SALE OF

SHOPPING CENTER IN BRIDGETON, N.J.

       BRIDGETON, N.J.-- Fameco Real Estate represented the owner, Tristate Ventures, in the sale of Upper Deerfield Plaza in Bridgeton, N.J., to  an affiliate of Phillips Edison for $6.5 million, it was announced by Brandon Famous, CEO and founder of the retail real estate firm based in Plymouth Meeting, Pa.

   According to Fameco's Dan Shabel, who represented Tristate Ventures in the transaction, the 110,000 s.f. center at State Road 77 and Cornwell Drive is a candidate for redevelopment.  Plans for the redevelopment are still being formulated.  The anchors have not yet been determined.

    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 90 shopping centers and retail properties totaling 18 million square feet in the tri-state area, manages 10 million s.f. of retail space 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. ChainLinks is the nation's largest retail-only real estate provider with 62 regional brokerage firms in the U.S. and Canada. 

January 18 , 2008