The Lightstone Group Announces Two New Leases at Everson Pointe Shopping Center in Snellville, Ga.

SNELLVILLE, Ga., June 9, 2011 /PRNewswire/ -- The Lightstone Group, one of the largest private real estate owners in the country, announced today that two new leases, totaling more than 2,400 square feet, have been signed at Everson Pointe Shopping Center, an 81,428-square-foot shopping center in Snellville, Ga.

Nicholas Financial, which offers financial services to the general public, signed a 1,400-square-foot lease at the shopping center. The firm signed a three-year deal.

SI Communications, a wireless communication products and services retailer, signed a three-year, three-month lease for 1,050-square-foot at the shopping center.

"Everson Pointe Shopping Center benefits from having a strong grocery anchor, stable cash flow and the opportunity to add value," stated David Lichenstein, chairman of the Lightstone Group. "The addition of SI Communications and Nicholas Financial provides a wider variety of options to drive traffic to the center. We are excited to welcome both businesses."

Lightstone Value Plus REIT I acquired Everson Pointe last year for of $8.8 million.

Located at 3035 Centerville Highway off of U.S. Highway 124 at, it is anchored by Kroger supermarket. The center is situated in a high-income area in Gwinnett County, the fastest growing county in the Metro Atlanta area.

"Having these two diverse businesses on the roster will add more appeal for other retailers searching for space in the future," said Jeffrey Dash, vice president of leasing for the Lakewood, N.J.-based Lightstone Group. "The center also has a greater balance of choices for the affluent customer base."

To learn about leasing opportunities at the Everson Pointe Shopping Center or other retail centers owned by the Lightstone Group, please contact Jeffrey Dash at [email protected] 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.

SOURCE The Lightstone Group

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