4C — July 22 - August 18, 2022 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
Even After Seven Decades, CRE Services Firm is Embracing its Agility Levin Management Corporation Celebrates Platinum Anniversary
N ORTH PLAIN- FIELD, NJ — The Levin name has been
Platinum Anniversary of its foundation, the North Plain- field-based commercial real estate services organization is embracing a period of notable growth and portfolio diversi- fication. LMC is an outgrowth of Levin Properties, a pioneer- ing development firm founded by the late Philip J. Levin and subsequently led by the late Janice Levin, his wife. They created an extensive suburban retail real estate portfolio beginning in 1952. This included New Jersey’s first open-air center, the still-
thriving, 220,000 s/f Som - erset Shopping Center in Bridgewater. LMC originated as the management arm of the organization, evolving to deliver a full range of third- party services to other retail property owners beginning in the 1980s. Today, LMC’s clients are institutional, fiduciary, and individual owners – for which the firm leases and manages a portfolio of 125 properties totaling approximately 16 million s/f in the Northeast and Mid-Atlantic states. And while the award-winning
firm’s activity remains largely retail focused, with a strong emphasis on grocery-anchored open-air product, its diversi- fication within the office and industrial sectors has gained significant momentum re- cently. This is a credit to its quality approach and current demand for comprehensive third-party services for all commercial property types. “From the beginning, our Levin roots grounded us as a landlord-focused firm with a management style employing a hands-on, proactive strategy to leasing and operating prop-
erties,” said William Farber, chairman, who celebrated his 50-year anniversary with the organization last year. “This proprietary approach distinguishes us. We have full in-house capabilities, which enables us to excel in assignments of all sizes while remaining highly in tune with the markets we serve.” LMC’s 70th year in business comes at a time of sustained organizational growth. The firm completed a record 1.2 million s/f in leasing activity in 2021, with high volume continuing to date in 2022. The firm has a notable pipe - line of diverse new business as well, recently adding property management assignments involving multiple sectors and property classifications. LMC’s construction manage- ment activity is at a high point as well, with hundreds of thousands of s/f in retail tenant fit-outs underway or in the immediate pipeline, as well as a recently launched, ground-up last-mile ware- house facility. Longevity and Talent Drive Progress According to LMC’s Mat- thew K. Harding , chief ex - ecutive officer, LMC’s agil- ity stems from its longev- ity (through market cycles, the firm has “seen it all”) and full, integrated services. “LMC’s achievements also have hinged on having a close- knit team all working together under one roof, and the leader- ship of an executive team with a 265-year combined tenure,” Harding said. “The quality and talent of our people reso- nate in LMC’s reputation and respect among clients, tenants and industry peers; this is a great source of pride for all of us.” At the core of its approach, LMC continually seeks new ways to gain efficiencies and boost value, while focusing on supporting assets so they remain competitive and best serve their local markets. This includes a specialization in repositioning, retenanting and renovating commercial properties. Promoting envi- ronmental sustainability has been an ongoing effort – for decades – with products like solar power, LED lighting and high-efficiency roofing. Currently, the firm is intro - ducing EV chargers at select shopping centers. MAREJ
synonymous with New Jersey retail real estate since the post-WWII suburban migration s p a r k e d the Garden
Matthew Harding
State’s first open air shop- ping center developments. Seven decades later, as Levin Management Corporation (LMC) commemorates the
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