Positioning Retail Real Estate for a New Generation

March 24, 2015

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AutoZone Joins Tenant Mix at 2500 Route 9 Plaza in Old Bridge, N.J.

Auto Parts and Accessories Retailer Leases 7,500 Square Feet at Levin-Managed Center


OLD BRIDGE, N.J., Mar. 24, 2015 – Auto parts and accessories chain AutoZone has leased 7,500 square feet at 2500 Route 9 Plaza in Old Bridge. The announcement was made by Levin Management, leasing and managing agent for the 26,000-square-foot shopping center.

Levin’s leasing representative Marcia Minton negotiated the long-term lease. Stephen Battista of Jeffery Realty represented the tenant in the transaction.

“Convenient highway access and outstanding regional demographics make 2500 Route 9 Plaza a great place to do business,” said Minton. “The addition of a nationally recognized retailer such as AutoZone is a great complement to our existing co-tenancy and a wonderful fit for the center’s market area. This tenant represents another outstanding option for 2500 Route 9 Plaza shoppers as well as the local community.”

AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories with more than 5,000 stores in the United States, Puerto Rico, Mexico, and Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories.

Located at the intersection of Route 9 and Throckmorton Lane, 2500 Route 9 Plaza is an ideal location for a range of retail and office uses. The center serves a growing residential population of more than 176,000 people within a five-mile radius. The marketplace offers an average household income of $100,000 and the daily traffic count on Route 9 is 35,000 vehicles. Other tenants include Apple Hill Academy Child Care Learning Center, ATA Martial Arts Academy, Madison & Lex Salon, and Domino's Pizza.

Levin is one of the nation’s leading retail real estate services firms, with a strong focus in the northeastern United States and an owner’s approach to the business. The firm’s portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services include leasing, property management, accounting, construction management and marketing. Levin specializes in repositioning, retenanting and renovating retail properties – areas that have become particularly vital for today’s institutional and individual property owners.

With headquarters in North Plainfield, N.J., Levin serves properties ranging from neighborhood, community, lifestyle and power centers, to enclosed malls, street retail, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.

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 seventh on NJBIZ’s Top Commercial Real Estate Developers list.

Read 4255 times Last modified on Wednesday, 25 March 2015 11:49