Positioning Retail Real Estate for a New Generation

August 10, 2020

  • Posted on:  Tuesday, 11 August 2020 00:38
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Burlington Stores Coming to Mill Creek at Harmon Meadow in Secaucus, N.J.

Levin Management Brings Leading Off-Price Retailer, Providing Great Merchandise Values to Area Residents

SECAUCUS, N.J., Aug. 10, 2020 – Levin Management Corporation (LMC) has announced a lease with national off-price retailer Burlington Stores at Mill Creek at Harmon Meadow in Secaucus. The commercial real estate services firm served as leasing agent for the property owner, an institutional client of New York Life Real Estate Investors (NYLREI). The 306,000-square-foot power center is part of the 200-acre mixed-use Harmon Meadow development.

LMC Vice President of Leasing Sidney Singer arranged the transaction for NYLREI on behalf of its client. Clifford Simon of CNS Real Estate served as tenant broker. Burlington will take over the big box retail space formerly occupied by sporting goods chain Sports Authority.

“Backfilling an anchor vacancy – particularly in today’s challenging climate – is big news,” Singer said. “And securing such a strong national brand bodes very well for the future of this property. Burlington is a quality addition to Mill Creek’s tenant lineup, which also includes Kohl’s, T.J. Maxx, and Bob’s Discount Furniture.” The shopping center sits four miles from Manhattan at the crossroads of the NJ Turnpike and Route 3.

Burlington has over 730 stores as of the end of the first quarter of Fiscal 2020, in 45 states and Puerto Rico. They offer new arrivals daily featuring prices that will ‘wow’ you. Enjoy great deals every day on ladies’ apparel, menswear, children’s clothing, family footwear, everything for baby, a variety of accessories, home décor items and gifts for every occasion. At Burlington, enjoy the same brands and styles that you can get from other retailers, but for much less.

The Mill Creek transaction underscores LMC’s strong relationships with prominent national brands, and represents its second lease signing with Burlington Stores. Last fall, the firm announced the retailer’s commitment at Somerville Circle Shopping Center in Raritan, N.J.

“We are pleased to represent another client in a lease transaction with Burlington,” added Singer. “Even before the pandemic, off-price brands were positioned among the strongest sub-sectors in retailing. Now, many consumers have become even more cost-conscious. This niche is well positioned to maintain its ‘edge’ – with Burlington’s activity illustrating this new reality.”

For nearly seven decades, North Plainfield, N.J.-based LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The firm today maintains a diversified, retail-focused portfolio of 110 properties totaling almost 15.5 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction management and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

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