Retro Fitness has signed a lease for 11,500 sf and will open itsfirst Pennsylvania unit at the center this fall. National AutoSales has renewed its 7,476-sf space for an additional five years."The Mountainville Shopping Center obviously is a hot spot forprospective tenants, as it's situated in a high-trafficked area andis easily accessible to consumers," says Jeff Dash, Lightstone's VPof leasing, in a statement.

Lightstone acquired the property from White Plains, NY-basedAcadia Realty Trust as part of a 17-property, 2.3-million-sf retailportfolio for $52.7million in April 2002. The portfolio included 10 centers inPennsylvania and others in Alabama, New York, Virginia, SouthCarolina, Georgia and Florida. Lightstone has since disposed ofsome of the assets and redeveloped others.

According to Acadia records, it acquired the Mountainville assetin 1983. At the time of Lightstone's acquisition, DavidLichtenstein, chairman, told GlobeSt.com, "since we're a privatefund we can be in grade B assets without Wall Street screaming atus. We have no problem with acquiring difficult or distressedassets."