10B — November 10 - 23, 2017 — Central New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
C entral N ew J ersey
ANASQUAN, NJ — Levin Manage- ment Corporation Firm appointed leasing, managing agent for Monmouth County asset Levin Management serves as advisor in purchase of ACME Center in Manasquan M
people and an average house- hold income of more than $112,000 within a five-mile radius. It represents the lat- est in a growing number of significant new assignments for LMC. In recent months, the firmwas awarded leasing and/or management agencies in New Jersey’s Freehold, Flemington, Hackettstown, Secaucus, Union, Madison and Toms River, as well as in Westbrook, Conn. For 65 years, LMC has served as a trusted single- source commercial real estate services provider for institu- tional and private owners. The firm helps its clients evaluate options, operate properties and create case- specific solutions to protect and improve asset value; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary ap- proach in all its activities. The company specializes in repositioning, re-tenanting and renovating real estate – areas that have become par- ticularly vital in an increas- ingly competitive market. In Piscataway, Apogee NY LLC has signed a 77,000 s/f commitment at 271 Circle Drive North in Rutgers In- dustrial Center. LMC serves as asset manager for the five-building, 535,000 s/f in- dustrial/warehouse complex, orchestrated the lease. Apogee NY LLC’s (d.b.a. Unique Thrift Stores) sus- tained retail business growth prompted its need for ad- ditional, well-located distri- bution space, according to Carson. The company will use 271 Circle Drive North to serve its regional retail stores. Rutgers Industrial Center sits in the heart of Middlesex County, easily accessible to I-287 and just five miles from Exit 10 of the New Jersey Turnpike. Newark Liberty International Airport, New York City and New Jersey seaports all are nearby. “271 Circle Drive North’s prime location, providing access to a superior region- al transportation network, made it particularly attrac- tive to this tenant,” said Carson. Apogee NY LLC also will benefit from newly reno- vated office space and on-site parking. n
leasing and managing agent. “This site enjoys a promi- nent location in center of Manasquan, which made it an appealing long-term acquisition opportunity for Levin Properties,” said LMC’s Robert Carson , executive vice president. “As leasing and managing agent, we look forward to working with ACME and ensuring an at- tractive, well-maintained shopping experience for area residents.” The easily accessible prop- erty serves a residential pop- ulation of more than 130,000
(LMC) served as advisor to Levin Properties in its recent purchase of ACME Center in Manasquan. The two-acre property at 71 Tay- lor Ave. is home to a 19,000 s/f ACME supermarket. LMC identified the single- tenant asset as an investment target, spearheaded the due diligence process and worked with the seller to finalize the purchase. Now, under the new ownership, LMC has been named as the property’s
71 Taylor Ave.
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