Firm to Launch Strategic Leasing Program at West Chester, PA., Retail Property
WEST CHESTER, Pa., June 3, 2014 – Retail real estate services firm Levin Management has been named leasing and managing agent for Bradford Plaza, a 161,000-square-foot, grocery-anchored shopping center located at 700 Downingtown Pike in West Chester.
Anchored by Giant Foods, the leading grocer in Chester County, Bradford Plaza is home to national tenants such as Petco, Dollar Tree and Walgreens, and also includes a Giant Fuel Station, a Pennsylvania Wine and Spirits store, and a mix of local retailers. Levin is marketing several vacancies ranging from 1,750 to 7,900 square feet, including a pad site.
“West Chester is an affluent Philadelphia suburb with strong demographics,” noted Levin’s Robert Carson, CSM, executive vice president. “Bradford Plaza is a well-maintained, well-positioned retail destination. The management transition provides an opportunity to execute a strategic management and leasing program that will draw key tenants and increase the center’s occupancy.”
Bradford Plaza is located at the busy intersection of Downington Pike (Route 322) and West Strasburg Road (Route 162), which provides a daily traffic count of more than 20,000 vehicles. More than 100,000 people comprise the growing population within a five-mile radius of Bradford Plaza. That same area also boasts an average household income in excess of $115,000.
The assignment expands Levin’s foothold in the greater Philadelphia market. Its other regional leasing and management assignments include ShopRite-anchored Morrell Plaza in Northeast Philadelphia; and The Shops at Blue Bell in Blue Bell, also anchored by Giant Foods.
“The Philadelphia market is a great place to be, and we are pleased to grow our regional presence,” noted Joseph Lowry, Levin’s director of acquisitions and business development. “Our familiarity with the regional market, its tenants and service contractors provided us with an advantage in winning the Bradford Plaza assignment.”
Lowry added that Levin was also selected for its institutional-level management capabilities, which focus on maximizing asset value through operational efficiency, strong curb appeal and the ideal tenant mix. The firm’s clients include individual owners, lenders, estates and trusts, as well as numerous institutional owners and fund managers.
As a landlord-focused retail real estate services provider, Levin is widely recognized as one of America’s leading firms in its niche. The North Plainfield, N.J., company offers the full range of services needed to successfully operate any retail venue, including leasing, property management, accounting, construction management and marketing. Levin currently manages a diverse portfolio of 95 properties totaling more than 13 million square feet of retail GLA, in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina.
Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation’s top property managers by Commercial Property Executive magazine, placed among the nation’s top 10 redevelopers by Chain Store Age, credited as one of the state’s top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ’s Top Property Management Companies list and fifth on NJBIZ’s Top Commercial Real Estate Developers list.