Lightstone Group goes to Disney World.The Lightstone Group, one of the largest private owners of retail properties in the country, announced the acquisition of two outlet centers located 12 miles down the road from Disney Dis·ney , Walter Elias Known as "Walt." 1901-1966. American animator, showman, and film producer. Noted for his creation of the cartoon characters Mickey Mouse and Donald Duck, he produced the first animated film with sound, World in Orlando Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , Fla: the 200,000 s/f Belz Designer Outlet Center and the 700,000 s/f Belz Factory Outlet World. The seller in this transaction was Estein & Associates USA Ltd., of Orlando. David Lichtenstein David Lichtenstein (1960-), founder and CEO of The Lightstone Group, is one of the largest private landlords in the United States. Lichtenstein attended Beth Medrash Govoha in Lakewood, N.J. It was there that he bought his first property on his credit card. . chairman and principal of The Lightstone Group, commented, "I'm a workaholic work·a·hol·ic n. One who has a compulsive and unrelenting need to work. , and they didn't believe me when I told them I was going to Disney World.... now they know!" The Lightstone Group plans to upgrade the centers, including significant architectural renovations and the addition of new national brand names, as well as food establishments. The Lightstone Group's subsidiary Prime Retail will operate and manage the property. Both outlet centers are centrally located in one of the fastest growing metropolitan areas in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with a population of more than 1.6 million. Belz Designer Outlet Center is located in the heart of the International Drive and Universal Studios tourist area. A block away is Belz Factory Outlet World, the largest non-anchored retail center of its kind in the country. Financing for this transaction was provided by Wachovia. |
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