CHESTER, NJ-Fameco Real Estate, L.P. has been tapped to sell the Streets of Chester, located on Route 206 here. Owned by Rreef, the 104,682-square-foot lifestyle center has a strong merchandising mix, including national retailers such as Coach, Chico’s, Gap, Talbots, Coldwater Creek and Banana Republic.
According to Carlo Caparruva, the Fameco director who secured the assignment, "this asset is a prime target for acquisition in the current marketplace. It is a well-positioned center with a nationally recognized tenancy and low vacancy." In addition, he continues, "there are some significant barriers to entry in this market due to low asset turnover and a lack of retail development in the foreseeable future."
Caparruva is currently marketing this center nationally to institutional and private investors that will benefit from the tenancy, location and demographic that here.
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