by Shane Henson — October 11, 2013—CBRE Group Inc. recently announced that it has further strengthened its position as a leading provider of global commercial real estate services with the acquisition of Fameco, a firm specializing in retail real estate services in the U.S. Mid-Atlantic region. According to CBRE, the acquisition of Fameco significantly bolsters its retail service offering in the greater Philadelphia area and throughout the Mid-Atlantic region.
Founded in 1992, Fameco provides retailer representation, agency leasing, investment sales, land brokerage, and property management in Pennsylvania, New Jersey and Delaware. With the acquisition, CBRE will add 250 shopping centers and retail properties, totaling 20 million square feet, to its leasing portfolio; 20 million square feet of retail property management assignments; and 75 retailers to its tenant representation roster.
“The Fameco professionals are a wonderful addition to our team,” said Robert Walters, executive managing director, Philadelphia, for CBRE. “They fit our culture perfectly, share our passion for excellence, and complement our existing capabilities extremely well. By bringing together the power of CBRE’s global platform with the specialized retail expertise of Fameco, we will further enhance both our position in the marketplace and the quality of our service offering.”
CBRE’s plan is for the Fameco team to do business under the trade name of CBRE|FAMECO, pairing the industry’s most widely recognized global brand with a brand that is synonymous with excellence in retail real estate throughout the Mid-Atlantic region.
