2A — September 14 - 27, 2018 — M id A tlantic
Real Estate Journal
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Mid Atlantic Real Estate Journal
Mid Atlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Account Executive ........................................... Steve Kelley Account Executive ............................................. Kim Brunet Account Executive ........................................ Marisol Chase Senior Editor/Graphic Artist ..........................Karen Vachon Office Manager ...............................................Kerrin Devine Contributing Columnists .....Carteret Business Partnership Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 350 Lincoln St., Suite 1105 Hingham, MA 02043 USPS #22-358 | Vol. 30, Issue 17 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion 781-740-2900 | Fax: 781-740-2929 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
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Revathi Greenwood
Will Robots Take Over CRE?
C For commercial prop- erty, successful real estate offerings are likely to straddle uses. CRE players will need to focus on flexibility and efficiencies to adapt. Assets positioned to evolve along with technology will outperform others that do not keep pace. However, such flexibility may be costlier. Real estate categories likely to see growth include data cen- ters, manufacturing centers for new technologies, remote parking and recharging sta- tions and cybersecurity. Suc- cessful real estate offerings are likely to be those that ont. from the page 2A August 24th Edition NORTH PLAINFIELD, NJ — Levin Management Corporation (LMC) has se- cured six new shopping center assignments in New Jersey and Pennsylvania over the last six months, they include: Kearny Square in Kearny, a 138,895 s/f, fully-leased re- tail center anchored by BJ’s Wholesale Club. Additionally,
offer multiple/diverse uses: for example, office/hospitality hybrids that offer concierge services, single-family rent- als and conversion of retail into office and industrial. Most at-risk categories include gas stations, bank branches, non-experiential retail and garages. “The only way for CRE pro- fessionals to adapt to chang- ing paradigms brought on by LMC was selected to manage Oak Tree Center in Edison, a 189,000 s/f community shop- ping center anchored by India Grocers, and in Mt. Olive was named asset manager of power center ITC Crossing South. Garden State, LMC was re- tained by the new ownership of Festival Plaza in Edison to continue its role as managing
technology advances is to focus on flexibility and efficiencies – around asset use, lease and services and supply chains. However, flexibility does come at a cost,” Greenwood said. Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by put- ting ideas into action for real estate occupiers and owners.
agent at the grocery-anchored shopping center. Similarly, the new ownership at Wall Towne Center, a Wall Town- ship property has retained LMC to continue as exclusive leasing and managing agent. Harrisburg, PA, LMC was selected as leasing and man- aging agent for High Pointe Commons. Levin secures six SC assignments, growing portfolio to 15 MSF
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