localpartnership

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In the largest of the signings, international grocer Aldi Inc.has signed a 10-year lease for 18,000 sf to co-anchor the property.Further terms were not released. For Aldi, the deal marks thesecond signing in New Jersey in recent weeks. In January, the chainleased 17,000 sf as co-anchor of the 87,000-sf Rockaway Commonsin Rockaway.

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In the other deals, South Jersey Medical Supply, a retailerspecializing in durable medical equipment and supplies, signed afive-year lease for 2,100 sf. And Kathy's Touch Florist renewed its1,200-sf lease for five years.

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AAA Vacation Store, Burger King, Novacare and Tot Time are otheranchors of the property. Just joining the tenant roster is TuesdayMorning, a high-end close-out retailer that signed a lease for6,800 sf this past fall.

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"The brisk activity reflects the positioning of this property,"says Jeff Dash, Lightstone's VP-leasing, noting the 30,000 sf ofleasing activity since September. "Mount Laurel's homeowner tenureis exceptionally higher than that of the rest of New Jersey, makingit a great location for retailers to establish and grow theirbusiness with local residents."

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