METRO COMMERCIAL SELECTED TO MARKET SURPLUS GIANT FOOD STORES

Five Former GIANT Locations Available for Sublease in the PA Market

CONSHOHOCKEN, PA – January 28, 2010 – (RealEstateRama) — Metro Commercial announced today that they have been selected by GIANT Food Stores to sublease five of their surplus locations in Pennsylvania.   The Giant-Carlisle Division of Ahold USA, headquartered in Carlisle, Pennsylvania, is a leading supermarket chain in Pennsylvania, Virginia, Maryland and West Virginia with grocery stores operating under the names of GIANT Food Stores and MARTIN’S Food Markets.

Two of the locations are in Reading, PA – +/-58,464 SF in Shillington Square Shopping Center at 2251 Lancaster Avenue and +/-65,214 SF in Exeter Plaza at 3935 Perkiomen Avenue.  The third site is a free-standing +/-56,600 SF located at 1750 Loucks Road in York, PA.  At Pottstown Plaza, 799 State Street, in Pottstown, PA, there is +/-57,315 SF available for sublease.  An additional +/-48,000 SF is available at 345 Scarlet Road in Kennett Square, PA.

All five of these locations were older, smaller stores in the market.  GIANT has relocated all five units to brand new, larger sites within each respective market as stated above.

“We are excited to get the assignment to sublease these five former grocery stores in well-established markets” says Metro Commercial’s Glenn Marvin, who exclusively represents Giant in the sublease negotiations.  “These existing locations provide prospective tenants with the immediate opportunity to become the anchor of prominent shopping centers. All of the available stores have excellent signage and visibility.”

About Metro Commercial

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 and investment property sales.  With offices in both Pennsylvania and New Jersey, Metro Commercial currently serves as the exclusive leasing agent for more than 175 retail properties, totaling in excess of 20 million square feet.  Metro Commercial has repeatedly 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.

Media Contact:
Amy Orons
+856-866-1900 x3015