Since 1998 the Granite Group has been developing commercial and residential communities in New Jersey and Pennsylvania. These projects include Hidden Mill Estates, a 254 unit residential community in Gloucester Township, NJ and Mountainview Village, an 18 lot residential subdivision in Pine Hill Borough, NJ. We are currently developing three residential communities in Pennsylvania, including 54 homes in Drexel Hill, Delaware County, 31 homes in Upper Saucon Township, Lehigh County and six (6) luxury homes in Lower Salford Township Montgomery County. We have constructed and sold over 200 new homes and 50,000 sq. ft. of commercial office space. In 2004 The Granite Group sold 63 homes and 10,244 S.F. of commercial office space at Lakeside Business Park. Total revenue from sales in 2004 was over $16,000,000.

Lakeside Business Park is a Granite Group commercial development located on 100 acres of ground fronting on Williamstown Road in Gloucester Township, Camden County, New Jersey. The site is located along the southern border of Gloucester Township and is within two miles of exit 41 of the Atlantic City Expressway. It has easy access to all major markets via I-295, Route 42, the Atlantic City Expressway and the New Jersey Turnpike. Philadelphia is approximately ten miles from the site and is easily accessed via Route 42. Atlantic City is about 30 miles from the site and is easily accessed via the Atlantic City Expressway. This property includes a 31 acre man made lake, 24 acres of open space and 40 acres of developable land.

The Granite Group, in conjunction with Professional Planners and Gloucester Township Department of Community Development, worked to develop this former gravel pit in accordance with the township’s master plan for development of the area. Lakeside includes 219,648 square feet (SF) of office condominium; about 40,000 S.F. is already constructed and occupied. Each office unit will be approximately 1,000 SF and each building will include four to eight office units. A prospective tenant has the option to purchase or lease as many units as desired. The project continues to add jobs and increase property tax revenues in Gloucester Township. Existing tenants include doctors, attorneys, accountants, financial planners, contractor, travel agents and distributors.

Construction at Lakeside started in March 2002. We anticipate the project will be completed in the spring of 2009. This project included the construction of a regional sanitary sewer pumping station at Lakeside. This station will convey sanitary sewer flow from adjacent properties allowing for the development of over a million square feet of commercial and retail space in the Cross-Keys area.

At the southwest corner of Williamstown and Cross Keys Roads a shopping center; Gloucester Township “Town Center” was constructed by Capital Realty. Independence Boulevard will connect Williamstown Road through Lakeside Business Park and the Town Center to Cross Keys Road. This boulevard will provide access to and from Lakeside Business Park directly to Cross Keys Road and the recently constructed Atlantic City Expressway interchange at Cross Keys Road. The boulevard, in addition to providing access to the restaurants and retail shops from Lakeside, will also reduce traffic through the intersection of Williamstown and Cross Keys Roads and improve traffic circulation through the development areas.

Vince Pennoni is the principal in charge of this project for The Granite Group. Vince has over 20 years of construction and development experience. Dick Marra is the on site project manager at Lakeside Business Park. Dick has been developing and constructing commercial and residential properties for over fifty (50) years.