Lightstone's Va. mall experiences flurry of tenant activity.The Lightstone Group recently announced that Kings Fairground Mall in Danville, Va., is adding a new retailer and renewing a lease with an existing tenant.Joining the mall will be a new 30,000 s/f Ollie's Bargain Outlet Ollie's Bargain Outlet is a chain of retail stores founded in 1982 in Harrisburg, Pennsylvania. The chain now has more than 40 locations throughout Pennsylvania, Maryland, Delaware, Ohio, Virginia, West Virginia and New York. The president and CEO is Mark Butler. , which is currently under construction and expected to open in the third quarter of 2008. Ollie's Bargain Outlet, the Mid-Atlantic's largest retailer of closeout closeout, closure the finalization of a feeding program in a feedlot. The cattle are sold and a balance sheet is struck which includes the costs of feeding and housing or confining them. , surplus, and salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. merchandise, is known for its bargain prices; bright stores; and fun shopping environment. Renewing its lease for an additional five years is Virginia Bank and Trust, which has been a long-time tenant at the Kings Fairground Mall. Located at the intersection of Routes 29 and 58, the two major commercial thoroughfares in the central portion of the Danville area, Kings Fairground Mall is also home to Dollar General, Tractor Supply and other retailers. "The Danville community will greatly benefit with the addition of Ollie's as well as the continued presence of Virginia Bank and Trust," said Jeffrey Dash, vice president of retail leasing and management for the Lightstone Group. "We look forward to Ollie's becoming a longstanding member of the community." The Lightstone Group has interests in residential, office, retail, hospitality and industrial real estate assets. The company, principally through its related operating entities Beacon Property Management, Prime Retail, Extended Stay Hotels Extended Stay Hotels (ESH) is a hotel brand that is the culmination of a rapid expansion in the extended stay hotel extended stay lodging market. Extended Stay Hotels is now one of the most recognized brands in the extended stay industry. , and Prime Group Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Trust, owns a diversified diversified (di·verˑ·s portfolio of more than 25,000 residential units, 680 hotels and approximately 67 million s/f of office, industrial, hotel and retail properties. |
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