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JO-ANN STORES, INC. AWARDS EXCLUSIVE DISPOSITION ASSIGNMENT TO EXCESS SPACE RETAIL SERVICES


Jo-Ann Stores, Inc. has selected Excess Space Retail Services, Inc. to exclusively manage the disposition of 6 locations with an aggregate of 110,102 square feet located in Phoenix, AZ; Moreno Valley, CA; Griffith, IN; Towson, MD; Bedford, TX; and Dallas, TX.

Heading this real estate disposition assignment will be Ben Dulman, Senior Vice President of Excess Space, from the firm’s East Coast office in Lake Success, New York.

About Jo-Ann Stores, Inc.:

Jo-Ann Stores, Inc. (http://www.joann.com), is the leading national fabric and craft retailer with locations in 47 states, operating 720 Jo-Ann Fabrics and Crafts traditional stores and 130 Jo-Ann superstores.

About Excess Space Retail Services, Inc.:

Founded in 1992, Excess Space, with offices in Lake Success, New York and Huntington Beach, California, has set the industry standard for providing leading national and regional retailers with “best-in-class” real estate disposition, lease restructuring and lease renewal services. During the company’s 14 year history, Excess Space has successfully disposed of and restructured leases for over 150 national and regional retailers. For more information about the privately- held firm, contact Al Williams (866) 594-9800 or visit their Web site at www.excessspace.com.