Metro Commercial Real Estate, Inc, Leads National Expansion Program for FedexKinkos throughout Pennsylvania and Delaware
Metro Commercial Real Estate arranges five new leases for international business services chain.
WAYNE, DOYLESTOWN, PHILADELPHIA, PA; WILMINGTON, DE – December 18, 2006 – As part of its continuing representation of FedexKinko’s in Pennsylvania and Delaware, Metro Commercial Real Estate, Inc. has negotiated four new locations for the international business services chain totaling 7,675 SF.
In Wayne, PA, FedexKinko’s will open a 2,000 SF location within Strafford Center, a 50,000 SF neighborhood center owned by Equity Properties. Located at Route 30 and Conestoga Road, the center includes Radio Shack and Wachovia Bank as tenants.
In Philadelphia, PA, a 1,675 SF lease was arranged at 3535 Market Street, a 450,000 SF office building owned by Urban America LP.
In Wilmington, DE a 2,000 SF lease was negotiated at Midway Plaza, located at Limestone and Kirkwood Highways. Owned by Capano Management, this 100,000 SF neighborhood center is anchored by Marshall’s. Additional tenants include Hollywood Video and KB Toy Store.
Metro Commercial’s Randy Hope represented FedexKinko’s in all four transactions. The new locations are slated to open by late winter of 2007.
“FedexKinko’s continues to expand throughout the Delaware Valley," said Hope. “They are aggressively seeking +1,600-2,000 SF locations throughout Pennsylvania, New Jersey and Delaware in end cap, pad-site or free-standing properties.”
As an operating company of FedEx Corporation, FedexKinko’s is launching new retail stores that are designed to provide superior customer service and convenience. These new centers are one-third the size of a traditional shipping center but will expand document solutions and business services, as well as implement other new features. The company plans on opening 200 new centers across the United States by the end of 2007.
Media Contact:
Metro Commercial Real Estate
Jamie Joffe
+610 246 2606
jjoffe@metrocommercial.com
Metro Commercial Real Estate, Inc. (www.MetroCommercial.com) is one of the area’s leading brokerage firms focusing on the leasing, sale, and expansion of retail properties throughout the region. Founded in 1987, Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales, construction services and enclosed malls. With 3 offices throughout Pennsylvania and New Jersey, Metro Commercial currently serves as the exclusive leasing agent for more than 190 retail properties, totaling in excess of 14 million square feet. Metro Commercial has been recognized as one of the “Best Places to Work” by the Philadelphia Business Journal, and is committed to client satisfaction and superior customer service.
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