THE LIGHTSTONE GROUP ANNOUNCES OPENING OF STAPLES AT RECENTLY RENOVATED MILLBURN MALL IN NEW JERSEY

Retail, Restaurants and Business Services Highlight
Numerous Lease Deals and Renewals at Reenergized Shopping Destination

LAKEWOOD, N.J. (April 23, 2007) – Following a multi-million dollar renovation, The Lightstone Group, one of the largest private real estate owners in the country, today announced that Staples has opened a 20,700-square-foot store at the Millburn Mall, which is located in the Vauxhall section of Union Township, New Jersey. The Staples opening is just one step in a major influx of office and retail leasing activity throughout the mall.

In addition to the opening of Staples, the world’s largest office products company, The Lightstone Group has signed a 10-year lease with Five Guys Famous Burgers and Fries, a casual restaurant chain with numerous locations in the Mid-Atlantic and Southeastern region, for 2,000 square feet, and a three-year extension with Sang-Tae Lee – Ozzie Cleaners for 1,500 square feet.

Office suite lease transactions include United Limo for 297 square feet for five years; Coryton, Inc. for 2,600 square feet for five years; Vauxhall Church of Christ for 600 square feet for five years; and Stratos Corporation, a financial service provider, for 300 square feet for five years.

“Having Staples open as one of our new mall anchors, coupled with the strong retail and office leasing activity, is a testament that the mall is a thriving area destination for both shoppers and business,” said Jeffrey Dash, vice president of leasing for the Lightstone Group.  “Last year’s exterior renovation has truly brought renewed interest in the mall from both new and existing tenants. We expect leasing activity to remain very active as we near full occupancy.”

The Millburn Mall received a new look last fall as the complex underwent an exterior makeover that included new corner towers, color coordinated brick, new canopies and lighting, and a newly paved parking lot. Perfectly situated to service the surrounding communities of Vauxhall, Millburn, Short Hills and Union, the Milburn Mall is situated in Union County on Vauxhall Road between the Valley Street and Millburn Avenue intersections. Staples will join long-term tenants Drug Fair and Union Center National Bank as co-anchors in the mall.

Staples, which offers a wide range of office products, including supplies, technology, furniture, and business services, will be open Monday to Friday from 7 a.m. until 9 p.m., Saturday from 9 a.m. to 9 p.m. and on Sunday from 11 a.m. until 6 p.m.