Lightstone Group inks 5-year, 30,000 s/f lease at Kings Fairground Plaza

DANVILLE, VA The Lightstone Group has completed a lease with Ollie's Bargain Outlet, Inc. at Kings Fairground Plaza.

Ollie's Bargain Outlet, one of the Mid-Atlantic's largest retailers of closeout, surplus, and salvage merchandise, is expanding its retail presence in the state with a five-year lease for 30,000 s/f. This new location is part of the company's aggressive growth plan.

Nestled on the Northwest corner of Piney Forest Rd., Kings Fairground Plaza is located at the intersection of Rte. 29 and Rte. 58.

"We're very pleased that Lightstone's relationship with Ollie's has fostered a new store location in Danville," said Jeff Dash, vice president of retail leasing for The Lightstone Group. "Behind the brand is a well-respected organization where employees are valued, and having fun is part of its legacy. Ollie's presence will be a welcome contribution to Danville's positive job growth."

The Lightstone Group is one of the country's largest privately held real estate companies with 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, and Prime Group Realty Trust, owns a diversified portfolio of more than 25,000 residential units, 680 hotels and 67 million s/f of office, industrial, hotel and retail properties in 46 states, the District of Columbia, Canada and Puerto Rico. Headquartered in N.Y., The Lightstone Group employs 14,000 staff and professionals and maintains regional offices in Maryland, South Carolina, Illinois and New Jersey.