06.27.05
AMC Delancey Group Acquires
Stoney Creek Shopping Center in Springfield, PA for $11 Million
Firm Continues Expansion in Retail Field

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

SPRINGFIELD, PA, JUNE 27, 2005 – AMC Delancey Group, Inc., a Philadelphia, Pennsylvania-based national real estate investment company, has announced the acquisition of the 102,239-square-foot Stoney Creek shopping center located at 453 Baltimore Pike, Springfield, Pennsylvania, for $11 million. Matthew Kelly, asset manager of AMC Delancey, served as the in-house representative in this transaction, and Paul Rumley of Metro Commercial Real Estate represented the seller, Principals of Joseph S. Mozino and Company, Inc. and Mozino Trust. Metro Commercial Realty will serve as the property manager and leasing agent for the center.

“We are pleased to announce the acquisition of Stoney Creek, which was developed by Mozino Development—pioneers in Delaware County,” said Kenneth P. Balin, President and CEO of AMC Delancey. “Mozino’s stewardship of Stoney Creek over the years has maintained its position as one of the great places for local retailers to operate their business. We are equally delighted to announce this will be the seventh retail property that Metro Commercial Realty, one of the best shopping center operators in the region, will lease and manage on our behalf. With Metro Commercial’s experience and retail expertise, combined with our value-creation strategy, we are confident we will be able to maintain Stoney Creek as the premier retail hub in the Springfield community.”

“This acquisition continues our long-term investment strategy to acquire quality urban-infill retail properties and enhance them for the benefit of the tenants and surrounding neighborhood,” said Michael C. Wachs, Vice President of Acquisitions. “We remain committed to reinvesting and expanding within the retail sector.”

Stoney Creek shopping center includes three buildings, consisting of 79,668 square feet of retail space and 25,209 square feet of office space. The center is currently 89 percent occupied. Strategically situated along Route 320, Stoney Creek is convenient to Interstates 476 and 95, and is five miles from the Philadelphia International Airport.

Metro Commercial is a leading specialist in retail brokerage, focusing on providing comprehensive services to high-level corporate, institutional and entrepreneurial entities facing multiple and complex real estate requirements. For more information on Metro Commercial, visit www.metrocommercial.com.

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 .