Positioning Retail Real Estate for a New Generation

October 13, 2020

  • Posted on:  Wednesday, 14 October 2020 19:57
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Blue Foundry Bank Coming to Chatham Plaza in Chatham, N.J.

Commitment Brings Levin-Managed Shopping Center to Full Occupancy

CHATHAM, N.J., Oct. 13, 2020 – Blue Foundry Bank will open a new location at Chatham Plaza, bringing the 31,500-square-foot Morris County shopping center to 100% occupancy, announced Levin Management Corporation (LMC). The commercial real estate services firm exclusively leases and manages the property, located on Main Street in Chatham.

LMC Senior Leasing Representative Vanessa Fernandez-Kelty and Leasing Representative Kendal Hand-Freda arranged the 2,100-square-foot lease.

“As a New Jersey-based financial institution, Blue Foundry Bank is deeply invested in the communities it serves, making it a welcome addition for both this property and the borough,” said Fernandez-Kelty. “Chatham Plaza has earned its position as a key local shopping destination, as evidenced by the quality of its tenants and, now, its full occupancy.”

Anchored by a 14,200-square-foot CVS Pharmacy, Chatham Plaza’s tenant mix also includes a C2 Education tutoring center and JAG Physical Therapy, along with typical neighborhood conveniences such as Noah’s Bagels, Villa Pizza, Green Nails salon and a dry cleaner. Located near Chatham’s thriving downtown, Chatham Plaza serves a growing residential population of nearly 67,000 people within a three-mile radius, with an average household income of $245,000 within those same three miles.

“Blue Foundry Bank has always been rooted in the Northern New Jersey community, so we are delighted to be opening our newest branch in Chatham,” said James D. Nesci, CEO and president of Blue Foundry Bank. “Like the hard-working individuals and businesses in Chatham, we value serving the needs of our customers and giving back to the community, and therefore look forward to becoming part of the fabric of this great town.”

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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