THE STREETS OF CHESTER SEES RENEWED ACTIVITY

WOODBRIDGE, NJ— Fameco Real Estate, LP the region’s foremost retail leasing firm, is pleased to report a flurry of leasing activity in 2011 at The Streets of Chester Lifestyle Shopping Center in Chester, New Jersey.  Fameco Real Estate, the exclusive leasing agent for The Streets of Chester, has signed the following tenants to lease extensions this year totaling more than 18,600 sf: Coldwater Creek, Chico’s, White House Black Market, Gymboree, Sunglass Hut, Stride Rite and Fast Frame. Additionally, a store of 2,160 square feet has been leased to a cosmetics retailer.

Fameco Director Carlo Caparruva who is handling the assignment states, “that by working closely with the owners of the asset, we understand the vision needed to create tenant synergy in Lifestyle centers.”  Frank Gallo, Principal of Core Plus Partners LLC, adds,” our goal is to work closely with Fameco and the center’s stores to increase sales. We will accomplish this by continuing to be aggressive to lease to tenants who complement the center’s shopping experience and consequently will increase traffic”.

Caparruva noted that since the new owners purchased the property in 2010, major strides have been made in attracting new retailers to the center.  There are a number of prospective tenants at the Letter of Intent stage and negotiations are underway with a Lifestyle oriented furniture retailer for 5,000+ square feet.

Further information on the Center is available at www.streetsofchester.com.

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 20 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.

June 17, 2011