M id A tlantic Real Estate Journal — Retail Development Reimagined —April 22 - May 19, 2022 — 19A M id A tlAntic Real Estate Journal — Retail Dev lopment Reimagined — March 19 - April 5 1 33
R etail D evelopment R eimagined D 700,000 s/f of transactions & new agency assignments among 2020 Levin Mgmt. ushers in 2021 with a look back on progress Veterinary practi e will occupy 2,800 /f i Whitman Plaza With Love City Vet signs Breslin Realty in Phila.
ORTH P L A I N - FIELD, NJ — Amid the chal lenges of HILADEL HI , PA — Breslin Realty an- nounced the signing a long-ter lease with Lov City Vet at 200 W Ore on Ave., Philadelphia. 2020, commercial real estate services firm LevinManage- ment Corporation (LMC) achieved tangible progress – a promising sign for the industry moving into a new year. Over the past 12months the North Plainfield based organization secured nearly 700,000 s/f of new leases and renewals, added new leasing and management assign- ments, solidified its staff with new hires/promotions, and garnered several industry recognitions. Highlights of LMC’s retail leasing activity included an anchor lease with off-price retailer Burlington Stores at Mill Creek at Harmon Meadow (Secaucus), a 24,000 s/f lease with Aqui Market at Twin City Shopping Center (Bayonne) and a 20,000 s/f lease with Planet Fitness at Mayfair Shopping Cen- ter (Commack, NY). LMC’s transactional activity also brought a host of renewals as well as new retailers and service providers to the region, punctuated by nearly one dozen leases with restaurant tenants – several of which have already launched opera- tions. Other openings involved WATCHUNG, NJ — Five Guys is under new owner- ship at Blue Star Shopping Center and has solidified its commitment at the property with a new lease, announced Levin Management Cor- poration (LMC) , leasing and managing agent for the 420,000 s/f property. E.J. Moawad , LMC senior leas- ing representative, arranged the 2,500 s/f transaction; Stanton Brown at MSC represented the tenant. “Blue Star Shopping Center shoppers have appreciated the N P Love City Vet will be occu- pying 2,800 s/f in the Whit- man Plaza shoppi g center. Love City Vet is a full ser- vic veterinary practice, to be p oviding general care, sick visit support, and emergency s rvices. This will be their first loc tion. The transaction was ar- ranged and negotiated for the landlo d by Robert Delavale of the Breslin organization.
3-month free trial
Burlington Stores at Mill Creek at Harmon Meadow
high-profile anchors like Lidl (North Brunswick) and Burl- ington Stores (Raritan). Non-retail leasing highlights within LMC’s diversified port - folio included a 135,000 s/f renewal by Hall’s Warehouse Corp. at Rutgers Industrial Center (Piscataway). “Despite the economic un- certainty and business-related disruptions facing our indus- try since March, there has been progress – with certain key dynamics coming into sharpened focus,” said LMC’s Matthew Harding , chief ex- ecutive officer. “For example, positive landlord/tenant rela- tions have always been impor- tant. During 2020, as tenants worked to navigate an incred- ibly difficult environment, we approached everything on a very granular basis, review- ing the distinctive needs and nature of each business. Like - wise, we have done the same with our landlord clients and their individual properties to Blue Star Shopping Center presence of Five Guys s nce t opene here in 2007,” sai Moawad. “A leader in the fast ca ual segment, this popular brand stre gthens the prop- erty’s appeal for neighborhood Additional Whitm Plaza retail includes S opRite, Pennsylvania Department of Transport tion Burl - ington Coat Factory, Ro s Dress For Less, Goodwill, KPo Korean BBQ, Subway,
help them best respond to ten- ant requests and operational needs. “This customized approach has always been central for our team; however, this year has intensified the practice to a new level that we will sustain moving forward,” Harding added. “This is an ad- vantage we can provide over some of our larger, nationally focused peers.” LMC also continued to ex - pand its leasing and manage- ment portfolio, which today totals 110 properties total- ing nearly 15.5 million s/f. The firm was appointed leas - ing and managing agent for Springfield Avenue Market - place, a 112,000 s/f supermar- ket-anchored property at 204- 234 Springfield Ave. in New - ark. In Bergen County, LMC was named managing agent for Marketplace at Edgewater, a 73,000 s/f shopping center located at 725 River Rd. in Edgewater. MAREJ dining, retail and services. We look forward to working together with Five Guys’ new ownership for many years to come.” Dunkin Donuts, Citizens Bank, Blink F tness, Party City, ChenMed, Cavity Bust- ers, R inbow Shoppes, Game- Stop, R t-A-Center, GNC, MRCP, Sally Be uty, and more. MAREJ Anchored by ShopRite, Kohl’s, M rshalls and Mi- chaels, Blue Star Shopping Center’s supporting tenant lineup includes Dollar Tree, The Children’s Place, Sally Beauty, American Freight, and H nd & Stone Massage and Facial Spa. The center’s dining mix also includes TGI Friday’s, Wendy’s and Arby’s. MAREJ
200 W Oregon Ave.
Mid Atlantic Real Estate Journal
Levin Managemen rranges commitment at at Blue Star Shopping Center inWatchung NJ
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