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The Scoop

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Glenbrook Commons is sold

Statement as issued Monday by Zamias Services Inc.:

Englewood Cliffs, New Jersey (January 11, 2013)

Bon Aviv Investment LLC with Zamias Services Inc announces the purchase of the Glenbrook Commons Shopping Center from CB Glenbrook, LLC. The 254,000 square foot shopping center is located in Fort Wayne, Indiana adjacent to the Glenbrook Square Mall, the second largest mall in the State of Indiana which attracts over 15 million visitors per year.

Tenants at the Shopping Center include Toys "R" Us, Hancock Fabrics, Verizon Wireless, The Avenue, U.S. Armed Forces Career Center, Niagara Therapy of Fort Wayne, Ross Learning Center, Pella Windows, and opening soon Good Will Enterprises.

"We are pleased to announce that Dunham's Sporting Goods will also be added to The Glenbrook Commons Shopping Center later in 2013. Dunham's is a full service sporting good Super Store that will occupy 66,000 square feet and be a perfect complement to the SPORTONE/PARKVIEW Fieldhouse that opened earlier this month across the street," said Amit Barnoon, CEO of Bon Aviv Investments. "Fort Wayne is a strong retail market and we look forward to bringing new retailers to the property over the coming months," said Mr. Barnoon.

Bon Aviv and Zamias purchased over 1,000,000 square feet of retail property in the United States in 2012 and looks to aggressively pursue value–add retail centers in 2013.

About Bon Aviv Investments LLC

Bon Aviv Investments LLC is a privately held joint venture between Aviv Arlon Ltd. and Bon Investments Ltd. As a privately held company, Bon Aviv has the resources and ability to move quickly to close complex transactions and execute its investment strategy. Investments are acquired through direct purchase of properties, acquiring mortgages and entering strategic joint ventures with local partners.

About Zamias Services Inc

Zamias Services Inc is a Johnstown, Pennsylvania based Leasing and Management company. Since its inception, the full-service real estate company has developed more than 30 million square feet of retail space. The current Zamias portfolio of assets consists of 43 shopping centers, totaling over 12 million square feet, in nine states. For more information, visit www.zamias.com.

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