FAMECO NEGOTIATES SALE OF THE CROSSROADS MALL OF THE POCONOS TO FNF ASSOCIATES OF BINGHAMTON, NY

     STROUDSBURG, PA. -- Fameco Real Estate has negotiated the sale of The Crossroads Mall of the Poconos in Stroudsburg, Pa. FNF Associates of Binghamton, N.Y. purchased controlling interest of the property on January 30 it was announced by John Fasciano of Fameco Real Estate, the Conshohocken, Pa.-based retail real estate firm.

     Fasciano said the 245,356 s.f. regional shopping center at Route 611 and I-80, currently under construction, has signed leases with Lowe's, Kohl's, Red Robin, Pennstar Bank and Longhorn. One pad site is still available for ground lease. The center is scheduled to open in Fall, 2006. Fameco's Fasciano and Michael Seaman represented the buyers in the transaction.

     Fameco Real Estate specializes in investment sales, tenant representation, owner representation and property management in Pennsylvania, New Jersey and Delaware. The firm is the exclusive representative for 64 shopping centers and retail properties totaling 12 million square feet in the tri-state area, manages more than 4 million square feet of retail space and exclusively represents more than 50 retailers expanding in the Delaware Valley. Fameco's Investment Sales Team has sold shopping centers worth more than $1 billion. Fameco is the ChainLinks member shareholder in the Delaware Valley. The nation's largest retail-only real estate provider, ChainLinks encompasses 60 regional brokerage firms in the U.S. and Canada.

Feb 3, 2006