Tuesday, April 3, 2012

Feldman Properties Closing NYC HQ for Chadds Ford, PA Location

"Feldman Mall Properties, Inc. (PINKSHEETS: FMLP) reported Friday that the Company will close its offices at 1065 Avenue of the Americas in New York and that the Company's headquarters will now be located at 2 Ponds Edge Drive, Chadds Ford, PA,

The Company's new mailing address is P.O. Box 1478, Chadds Ford, PA 19317. The Company will continue to use www.feldmanmall.com as its website.

Furthermore, the exclusivity period for the proposed private placement of securities by the Company, announced on February 6, 2012, has been extended to Wednesday, April 11, 2012, in order to allow the parties further time to complete negotiation of a definitive agreement. There have been no other changes to the terms and conditions of the transaction.

According to its website, the Company's portfolio, including non-owned anchor tenants, consists of two regional malls aggregating approximately 2.4 million square feet. The two malls are located in Illinois and Ohio."

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