THE LIGHTSTONE GROUP CLOSES LEASES IN EXCESS OF 10,000 SF IN
MOUNT LAUREL, NEW JERSEY



LAKEWOOD, NJ, MAY 23, 2005 - The Lightstone Group, a diversified real estate company headquartered in Lakewood, New Jersey, recently completed several leases totaling more than 10,000 square feet at the Larchmont Commons Shopping Center in Mount Laurel Township, New Jersey.

"On behalf of The Lightstone Group, I am pleased to welcome our new tenants to Larchmont Commons and am equally delighted to have renewed with our existing tenants," said Jeffrey Dash, director of leasing for The Lightstone Group. "We aim to exceed both our tenants' and guests' expectations, and with the successful completion of these transactions, we are well on our way to achieving this goal."

The Core Academy of Movement, a newly created dance studio serving children and adults, will occupy a 5,000-square-foot space, which formerly housed Gold's Gym. In addition, Tot Time, a childcare center, renewed its 6,800-square-foot lease and H&R Block renewed its 2,400-square-foot lease.

Larchmont Commons is a 127,000-square-foot neighborhood mall located at Route 38 in the heart of Mount Laurel Township in Burlington County, New Jersey. Other tenants include AAA/Travel Store, Nova Care and Burger King.