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Tuesday, April 29, 2008
Fameco to lease 69th St

  Fameco Real Estate, Plymouth Meeting, has taken over as leasing rep for 800,000 square feet of space on five blocks of 69th Street in Upper Darby, replacing owner Askenazy Acquisitions, New York, in the work of luring businesses that cater to the 10 million commuters who change trains, buses and trolleys at the neighboring Septa terminal.
  Once the western suburbs' premier shopping district, the strip, now anchored by a Sears and a Marshall's, has long been eclipsed by suburban Delaware County malls. Fameco's Jay Miller is working to fill vacancies in second-floor and smaller retail properties, including health-professional offices and for-profit schools for adults.
  They aren't planning a big overhaul. "It’s about building off the density and the foot traffic that’s in the area," said Miller. "We're trying to complement the retail that’s in place today." Among the tenants Fameco says it's landed: a 42,000 square foot campus of the Harris School of Business, over the Conway department store at Ludlow St. "They'll have 800 students when it's up and running," said Miller. "We see that as an anchor that will draw business throughout the center."

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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