FAMECO LEASES 50,000 SQUARE FEET TO ROSES

PLYMOUTH MEETING, PA.— Fameco Real Estate, L.P., the region’s foremost full service retail real estate firm is pleased to announce that it has completed a lease transaction with Roses for 50,000 square feet at Rising Sun Plaza. The shopping center is located at the intersection of Rising Sun Avenue and Adams Avenue, Philadelphia, PA.

Roses is a wholly owned subsidiary of North Carolina-based Variety Wholesalers, Inc. The company specializes in value-priced merchandise including both hard and soft goods. With 100+ stores nationally, this is Roses’ first store in the Delaware Valley. Jed Masloff and Jim Creed, the Fameco salespersons who represented Roses in this transaction, stated that Roses is backfilling a portion of the vacated National Wholesale Liquidators space. They were able to achieve favorable lease terms and will establish a solid base from which to roll out additional stores in the region. Roses’ Grand Opening is February 25.

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 200 shopping centers and retail properties totaling 17 million square feet, manages more than 11 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., Canada and Europe.

Mar.5,2010