FAMECO NEGOTIATES RITE AID LEASE IN WEST WHITELAND, PA.

     WEST WHITELAND, PA.--Fameco Real Estate has negotiated a 11,154 s.f. ground lease for Rite Aid at Phoenixville Pike and Boot Road in West Whiteland, Pa., it was announced by Larry Zipf, Senior Vice President of the Conshohocken, Pa.-based retail real estate firm.

    Fameco's George Wisnoski and Trupert Ortlieb represented Rite Aid in the transaction. The store's opening is scheduled for fall 2006. One of the nation's foremost drug store chains, Rite Aid is headquartered in Camp Hill, Pa.

    Fameco Real Estate specializes in retailer representation, owner representation, investment sales and management services 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 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 60 regional brokerage firms in the U.S. and Canada.

Feb 22, 2006