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Including a 16,000 s/f lease for Retro Fitness at Twin City Shopping Center in Jersey City Levin Management executes 180,000+ s/f of new lease transactions, renewals N www.marejournal.com M id A tlantic Real Estate Journal — Shopping Centers — Section C O R T H P L A I N - FIELD, NJ — Levin Management , one

Grocers, affordable fitness chains, off-price retailers and fast-casual restaurants remain among the most ac- tive categories looking to establish or expand their footprint in Levin’s market area, according to Matthew Harding , company presi- dent. “In the face of strength- ening demand, vacancies are declining and rents are trending up at quality prop- erties,” he said. “Spaces left by retailers who did not sur- vive the downturn and result- ing shakeout are backfilling quickly with tenants in the aforementioned active cat- egories as well as a diverse range of health, beauty and service providers.” Levin’s largest new lease transactions included a 16,000 s/f commitment by Retro Fitness at Twin City Shopping Center in Jersey City, NJ, and a 15,000 s/f

said Harding. “Retail leasing activity continues moving in a positive direction, a trend we expect to see continue as shopping centers seek out new ways to improve and expand their tenant mix.” Along with increased leas- ing activity, Levin continues to grow its retail portfolio. The firm has been awarded a number of significant new leasing and management as- signments in recent months, including properties in Bor- dentown, Eatontown, Edison, Hackensack, Manahawkin and Whiting, NJ; Chelten- ham and West Chester, PA; and Plymouth, MA. Wi th headquarters in North Plainfield, NJ, Levin serves properties ranging from neighborhood, commu- nity, lifestyle and power cen- ters, to enclosed malls, street retail, downtown stores and mixed-use projects. n

of the nation's leading retail real estate services firms, experienced healthy levels of leasing activity in several markets during the last six months, executing more than 180,000 s/f of renewals and transactions. Levin maintains a diverse 95-property, 13 mil- lion s/f shopping center portfo- lio in New Jersey, New York, Pennsylvania, Virginia, Mas- sachusetts and North Carolina.

Paramus Place

APRIL 24 - MAY 14, 2015

commitment by Tuesday Morning at Paramus Place in Paramus, NJ. Other note- worthy leases included a 9,300 s/f commitment by Dollar Tree at Warren Plaza in Washington, NJ; a 5,800 s/f lease by Simply Fashion at Liberty Center I in Erie,

PA; and a 4,500 s/f lease by Panera Bread at Post Road Plaza in Pelham Manor, NY. “We are excited with the volume of transactions ex- ecuted during the last six months, and are pleased that this tremendous leasing momentum is continuing,”


McNamee & Wake of Divaris Real Estate signs Kohl’s for 50,000 s/f in New River Valley Mall

CHRISTIANSBURG, VA — GeraldDivaris , chairman and CEO of Divaris Real

Marcus & Millichap arranges $2.85m sale of retail prop.

Estate, Inc. (DRE) , an- nounced the signing of a l ease wi th Koh l ’ s f o r 50,000 s/f of retail space in NewRiver Valley Mall,

Gerald Divaris


Requested Photo

located at 782 New River Rd. in Christiansburg. The lease negotiations were handled on behalf of the tenant by Brett McNamee and Deb- bie Wake , senior vice presi- dents of the Richmond office of Divaris Real Estate. This is Kohls first loca- tion in Christiansburg. DRE has facilitated lease nego- tiations for several Kohls in Virginia, including: Chesa- peake, Chester, Lynchburg, Newport News, Roanoke, Suffolk, Virginia Beach, and Waynesboro. Divaris Real Estate is working with Kohl’s to ex-

Levin Management Featured PA Opportunities


New River Valley Mall

ALSO Retail Brokerage Directory ......... 16C www.marejournal.com

ecute its expansion strategy into the major markets of Southeastern, Central and Western Virginia. Gerald

Divaris is heading up the team on the Kohl’s account, which includes Brett Womack and Debbie Wake of the com-

pany’s Richmond office, and Mary McGovern, senior vice president, of DRE’s Virginia Beach office. n

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