The Lightstone Group Announces Christmas Tree Shops, Inc.'s $8-Million Lease Renewal at Hale Road Plaza

Discount Retailer Remains Anchor for Manchester, Conn. Shopping Center

Sep 12, 2011, 13:30 ET from Lightstone Group

MANCHESTER, Conn., Sept. 12, 2011 /PRNewswire/ -- The Lightstone Group, one of the largest private real estate owners in the country, announced today that it has signed an $8-million deal with Christmas Tree Shops, Inc. to remain the anchor tenant at Hale Road Plaza in Manchester, Conn., for an additional 12-plus years.

Union, N.J.-based Bed, Bath & Beyond (NasdaqGS: BBBY), parent company to the discount variety store chain, has found this location to be one of its premier stores. Christmas Tree Shops sells seasonal items in addition to home and garden decor. The store occupies 58,000 square feet of space within the 112,000-square-foot center, located at 120 Hale Road.

"We are extremely pleased that Christmas Tree Shops has made the decision to remain at Hale Road Plaza," said David Lichtenstein, chairman of The Lightstone Group.

Hale Road Plaza is 91 percent occupied, with other tenants including, Guitar Center, The Dog House, and Namco. The center is located just north of Route 84, the major east-west connector for cities such as South Windsor and Manchester. Hale Road Center is surrounded by a number of regional and national retailers as well as the Shoppes at Evergreen Walk and the Mall at Buckland Hills.

"Hale Road Plaza is located at the epicenter of one of the largest regional shopping districts in Connecticut," stated Jeffrey Dash, vice president of leasing for The Lightstone Group. "It is in a highly visible location from interstate 84 and the surrounding roads, and has great flow of traffic."

To learn about leasing opportunities at Hale Road Plaza or other retail centers owned by The Lightstone Group, please contact Jeffrey Dash at jdash@lightstonegroup.com or by calling 908-688-8300.

About The Lightstone Group

Founded in 1988 by David Lichtenstein, The Lightstone Group has grown to become one of the largest privately held real estate companies in the United States.  Its diversified portfolio of industrial, office, retail and residential real estate assets includes 10 million square feet of commercial space and more than 8,000 multifamily units in 20 states and Puerto Rico.  

The Lightstone Group manages its business through operating platforms, each focused on a specific real estate asset class.  Headquartered in New York, The Lightstone Group employs more than 500 professionals.  For more information, visit www.lightstonegroup.com.

Contacts:

Christa Segalini

Ryan Smith

(201) 465-8021

(201) 465-8023

csegalini@beckermanpr.com

rsmith@beckermanpr.com

SOURCE Lightstone Group



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