CONSHOHOCKEN, PA-CBRE Group in move to expand its retail presence in the region, has acquired Fameco Real Estate, LP, a retail brokerage firm founded 21 years ago by Brandon Famous and Jeffrey Cohen.

Fameco has offices in Conshohocken and Philadelphia, PA and Woodbridge, NJ. Terms of the transaction were not released. The company will now do business as CBRE| Fameco, according to the Philadelphia Business Journal.

The transaction gives CBRE: 250 shopping centers and retail properties; 20 million square feet to lease; 20 million square feet of property management; and 75 retailers to its tenant roster. A total of 100 Fameco workers will join CBRE, which will now have nine locations throughout the Philly region, including the three existing Fameco locations.

“We are the global leader in real estate services and the leader in the Philadelphia region but candidly, there was a gap in our service line,” states Robert W. Walters, executive managing director of CBRE's Philadelphia office. “In our mind, clients more and more are looking to work with fewer and fewer service providers and are looking for firms that have a platform and resources across the board to help them. We think this is going to be extremely beneficial to our employees and our clients throughout the tri-state area.” See story in the Philadelphia Business Journal.