GARDEN COMMERCIAL PROPERTIES BEGINS CONSTRUCTION OF NEW HOME DEPOT AT CAMBRIDGE SQUARE IN MARLBORO
October 27, 2004

MARLBORO, N.J. - Garden Commercial Properties has recently signed a lease agreement with Home Depot at Cambridge Square located in Monmouth County's Marlboro Township.

The new facility will occupy 114,000 square-feet at the complex that formerly housed a Kmart Department Store, according to Scott Loventhal, Director of Development at the Short Hills-based commercial, office and retail developer.

Once completed, Home Depot will join a roster of tenants at the 233,000 square-foot Cambridge Square that include a World Class ShopRite, Blockbuster Video, and TGI Fridays.

"Home Depot was searching for an established retail outlet that offered space in which they could introduce one of its popular 'do-it-yourself' retail centers," Mr. Loventhal points out. "The anchor building vacated by K-mart at Cambridge Square was the perfect opportunity."

"Here, they were able to modify the existing structure, reconfigure the design and construct a customized facility that met their specific needs and requirements."

Cambridge Square's high-volume location at the intersection of Highway 9 and Union Hill Road has made it a popular destination for some of the country's most recognizable retail outlets.

"Cambridge Square is situated amongst the fast-growing residential communities of Marlboro, Holmdel and Colts Neck," Mr. Loventhal points out. "It's also ideally located minutes from Route 18, 33, and the Garden State Parkway."

A subsidiary of Garden Homes in Short Hills, New Jersey, Garden Commercial Properties is a major developer of shopping centers throughout New Jersey.

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