03.07.05
Gettysburg Village Factory Stores Concludes Strongest Year In It's History,
Outperforming National Industry Averages
Sales Way Up as Center Adds Ten New Stores and Announces 200,000 sq. ft. Expansion

Contact
Kathleen Pallas, Beckerman Public Relations
(908) 781-6420, Kathleen@beckermanpr.com

GETTYSBURG, PA, FEBRUARY 28, 2005÷Gettysburg Village Factory Stores announced 2004 was its best year in its history. This past year, Gettysburg Village Factory Stores opened 10 new stores and announced plans for a dramatic 200,000-square-foot expansion, including a nine-screen movie theater and a T.G.I. Fridayâs restaurant. ãIn 2004, Gettysburg Village Factory Stores had its best year thus far, boasting record-breaking sales and traffic numbers,ä said Nancy Brown, General Manager at Gettysburg Village Factory Stores. ãWe expanded our retail mix, increased our sales 6 percent over last year and serviced an estimated 1.8 million guests at our center this past year÷the same as Gettysburg National Military Park. Shoppers increasingly visit Gettysburg Village Factory Stores because we offer a most unique and fun atmosphere for the whole family to enjoy, complete with seasonal entertainment, Civil War architecture and a ÎMain Streetâ atmosphere. Gettysburg Village has become a destination unto itself. ä

Kenneth P. Balin, President and CEO of AMC Delancey Group, the owner and developer of Gettysburg Village, stated, ãWeâve assembled a fantastic management and leasing team at Gettysburg Village Factory Stores. Under Nancyâs leadership, we have created one of the better performing outlets in the entire country. Hard work, smart planning and flawless execution have worked perfectly at Gettysburg Village Factory Stores, and weâre very proud of the results.ä

ãThe reinvestment and expansion program at Gettysburg Village Factory Stores solidifies the centerâs position as the preeminent shopping destination in Central Pennsylvania,ä said Andrew Kleeman, Vice President of AMC Delancey Group. ãWith the addition of the theater and restaurants, we have further expanded Gettysburg Village as a lifestyle center, drawing from a wider customer base that extends well into the Baltimore and Harrisburg markets.ä

Highlights from 2004 include:

á Gettysburg Village announced plans for its Phase II expansion, which will add dozens of new stores, as well as Gettysburg Village Theaters, a state-of-the-art, nine-screen movie theater, and a T.G.I. Fridayâs restaurant to the center. This multi-faceted expansion is expected to commence in the second quarter of 2005, and the movie theater is anticipated to open in the fall. JK Roller Associates has been named architect on this project.

á Gettysburg Village Factory Stores opened a total of 10 new stores in 2004, including the No. 1 customer-requested store, Liz Claiborne. Other prestigious new tenants include Pepperidge Farm, Koret, Welcome Home, American Eagle Outfitters, Bible Factory, Quiznoâs, Textile Studios and Limited Too.

á Several of Gettysburg Villageâs chain stores won awards from national retailers for their exceptional performance in 2004, including Eddie Bauer outlet, which was named the ãBest of Bauerä for the second year in a row, Haggar Clothing Co. outlet store, which was named ãHaggar Store of the Year,ä and Bon Worth store, which not only won ãThe Bonnieä award, but was placed in the top 25 performing stores for the womenâs clothing chain.

ãThe awards, new tenants and expansion plans at Gettysburg Village Factory Stores have dramatically increased our drawing power in the region, which is affirmed by higher than ever traffic numbers and an overwhelmingly positive response from customers,ä Brown added.

Gettysburg Village Factory Stores, a unique center combining the charm of traditional Main Street America with seasonal entertainment for a complete family-friendly shopping destination, is located at Route 15 and Baltimore Street (Route 97) in historic Gettysburg, Pennsylvania. Owned by AMC Delancey Group, The Villageâs 70 stores and Food Court offer values found nowhere else in the region and draw shoppers from throughout Pennsylvania and Maryland.

Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a long-term investor in real estate that invests directly and with a select group of local real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company targets value-added investment opportunities in the multi-family, office, industrial, hotel and retail sectors. AMC Delancey is planning approximately $500 million in new investments over the next several years and continues to seek long-term relationships with strategic real estate operating partners in new markets. For more information on AMC Delancey Group, visit www.amcdelancey.com .

Visit the Gettysburg Village Web site at www.gettysburgvillage.com for a complete listing of all stores and upcoming events, or call (800) 868-7553 for additional information.