Positioning Retail Real Estate for a New Generation

April 25, 2016

  • Posted on:  Monday, 25 April 2016 18:05
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Sally Beauty Supply Coming to Blue Star Shopping Center in Watchung, N.J.

Levin Management Arranges 1,950 SF Lease with Salon Products Retailer

WATCHUNG, N.J., April 25, 2016 – Professional salon products retailer Sally Beauty Supply has leased 1,950 square feet at Blue Star Shopping Center in Watchung. The 419,000-square-foot center, one of Somerset County’s premier shopping destinations, is exclusively leased and managed by North Plainfield, N.J.-based Levin Management.

Levin leasing representatives negotiated the long-term lease. Danielle Brunelli of R.J. Brunelli & Co. served as the tenant’s broker in the transaction.

“Blue Star Shopping Center already is home to Hand & Stone Massage and Facial Spa, The Weave Shop and Roma Beauty Salon, making Sally Beauty Supply a wonderful complement to these personal care-focused tenants,” noted Joseph Lowry, senior vice president of leasing and acquisitions. “Levin has a long-standing relationship with Sally Beauty Supply, and this tenant has wanted to enter the Watchung market for many years. This property’s fashion and beauty co-tenancy and high consumer traffic were strong draws.”

Sally Beauty is a destination for salon-quality products and exclusive brands. Each store is staffed with trained experts to help customers find their must-have beauty solutions. Products, ranging from hair care and color, to nails and pro-quality styling tools are priced to please and backed by Sally Beauty's Love It or Return It Guarantee.

Located on the heavily traveled Route 22 retail corridor, between Terrill and Bonnie Burn roads, Blue Star Shopping Center serves a growing residential population of more than 250,000 people within a five-mile radius. The marketplace offers an average household income of $135,600, and the daily traffic count is 60,000 vehicles. Anchored by Kohl’s, ShopRite, Marshalls, Michaels, Toys ‘R’ Us and Tuesday Morning, the center’s impressive lineup of retail, restaurant and service tenants includes Dollar Tree, Petco, GNC, The Children’s Place, Avenue, GameStop, Five Guys Burgers & Fries, Hibachi Grill and TGI Fridays, among others. For more information and current promotions, visit www.shopbluestarshoppingcenter.com.

Retail availabilities at Blue Star Shopping Center range from 1,900 to 5,300 square feet.

For more than six decades, Levin Management Corporation has been a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in all of its activities. Levin today maintains a diversified, retail-focused portfolio of approximately 95 properties totaling 13 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing. Levin’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 2958 times Last modified on Tuesday, 26 April 2016 15:39