OLD BRIDGE, N.J., March 8, 2011 /PRNewswire/ -- The Lightstone Group, one of the largest private real estate owners in the country, announced today that the Laundry Room has signed a 2,338-square-foot lease extension at Browntown Shopping Center, located on Route 516 in Old Bridge, N.J.
The Laundry Room, a coin-operated Laundromat, extended the term of their lease as a result of Lightstone's recent renovation of the shopping center and the opening of Club Metro USA fitness center, which has garnered a great amount of traffic to the complex.
"We're thrilled to have the Laundry Room extend their lease term at the Browntown Shopping Center," said Jeffrey Dash, vice president of leasing for Lakewood, N.J.-based Lightstone Group. "Their decision to stay at Browntown was a wise and strategic decision based on location. Given the surrounding family complexes near Browntown, a nearby Laundromat is an extreme convenience, and I expect the Laundry Room to enjoy many years of success here."
Browntown Shopping Center is a 93,251 square-foot Old Bridge fixture, situated on Route 516, a major east-west commuter corridor between Route 9 and Route 18, two of the busiest roads in the area. Its anchor stores include Walgreen's Pharmacy, Wendy's Old Fashioned Hamburgers and 7-Eleven.
For more information on leasing opportunities at Browntown Shopping Center or throughout The Lightstone Group portfolio of office, retail and industrial properties, contact Jeffrey Dash at (908) 668-8300 or firstname.lastname@example.org.
About The Lightstone Group
Founded in 1988, 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.
SOURCE The Lightstone Group