Metro Commercial Brokers Lease at Concordville Town Square

Sovereign Bank  joins strong neighborhood retail center tenant line-up

CONSHOHOCKEN, PA – May 22, 2008 – Metro Commercial, the region’s largest full-service retail real estate firm, announced today that it has executed the lease of a 3,700-square-foot site at Concordville Town Square in Glenn Mills, PA, to Sovereign Bank.

The Sovereign Community Banking Office, scheduled to open this month, will be part of the mega neighborhood retail center that boasts Target, Home Depot and Acme Markets as its anchors. The 70-acre center, located at the southwest corner of Baltimore Pike (Route 1) and Conchester Road (Route 322), also has numerous retailers, restaurants and parking for 2,300 cars.

Metro Commercial, which worked in conjunction with CB Richard Ellis on the Sovereign Bank lease transaction, also brokered the lease transactions for the center’s DSW and Verizon Wireless stores.

“We are excited about Sovereign Bank’s newest location,” says Metro Commercial’s Dan Brickner. “Concordville Town Square is a key shopping area with plenty of great retailers.”

Sovereign Bancorp, Inc., the parent company of Sovereign Bank, is an $85 billion financial institution with principal markets in the Northeast United States. Sovereign Bank offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management, and insurance.

Glenn Mills, a town with a population of around 1,000, is located in Thornbury Township, Delaware County, PA.

Media Contact:
Metro Commercial Real Estate
Michael Reisman
610-260-2671
mreisman@metrocommercial.com

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