Positioning Retail Real Estate for a New Generation

August 29, 2017

  • Posted on:  Tuesday, 29 August 2017 16:37
  • Written by 
Rate this item
(0 votes)

Levin Signs Six New Leases with Wireless Provider T-Mobile

Activity Underscores Firm’s Relationships with Key National Retailers

NORTH PLAINFIELD, N.J., Aug. 29, 2017 – Commercial real estate services firm Levin Management Corporation (LMC) has signed six leases with wireless network operator T-Mobile in recent months at New Jersey and Pennsylvania properties within its management portfolio. The wireless voice and data communications services provider inked leases at Hamilton Plaza (2,600 SF) in Hamilton Township, Fairground Plaza (2,400 SF) in Mount Holly, Rutgers Plaza (2,000 SF) in Franklin Township, Hartford Corners (1,900 SF) in Delran and Twin City Shopping Center (1,500 SF) in Jersey City, N.J.; and Fairlane Village Mall (1,065 SF) in Pottsville, Pa.

According to Joseph Lowry, LMC’s senior vice president of leasing and acquisitions, the commitments underscore the firm’s significant relationships with prominent national retail brands, as well as the value these relationships bring to LMC’s landlord clients. “We have more than 1,000 different tenants throughout our 95-property portfolio, and we maintain successful relationships with prominent national and regional chains, as well as many local retailers,” he said. “As such, we often are able to advise them on additional opportunities that meet their needs, within our portfolio.”

LMC’s positive relationship with T-Mobile US and its franchisees was instrumental in securing and completing the six recent lease transactions in a timely manner, Lowry added. “The additions of T-Mobile at Rutgers Plaza, Fairground Plaza, Hamilton Plaza, Twin City Shopping Center, Hartford Corners and Fairlane Village Mall enhance the retail mixes at these centers,” he stated. “In general, leasing activity in primary markets has been very active, and we have been able to benefit from the expansion of several key brands.”

In fact, LMC has experienced a notable amount of repeat business with national brands over past 18 months. Among them, fitness chain Orangetheory Fitness, Sally Beauty Supply, AutoZone, Tuesday Morning, Panera Bread, Hand & Stone Massage and Facial Spa, Jersey Mike’s Subs, and Visionworks, among others, have leased multiple locations within the LMC portfolio.

For 65 years, LMC 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. LMC today maintains a diversified, retail-focused portfolio totaling 13 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing. LMC’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 225 times Last modified on Tuesday, 29 August 2017 16:39