Positioning Retail Real Estate for a New Generation

September 22, 2015

  • Posted on:  Tuesday, 22 September 2015 21:09
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Carter’s to open at Somerville Circle Shopping Center in Raritan, N.J.

National Children’s Clothing Retailer Inks 4,300 SF Lease at Levin-Managed Center

RARITAN, N.J., Sept. 22, 2015 - Carter's, one of the world’s most recognized brands in children’s apparel and accessories, has signed a lease for 4,300 square feet at the Somerville Circle Shopping Center in Raritan. Located on the border of Bridgewater Township, the 157,000-square-foot Somerset County property is exclusively leased and managed by North Plainfield, N.J.-based Levin Management.

Levin’s senior leasing representative Jake Frantzman negotiated the long-term lease. Stephan Miller and Jerry Welk of Welco served as the tenant’s brokers in the transaction.

“The addition of a strong national tenant like Carter’s reinforces our ongoing commitment to provide area shoppers with a variety of high-quality retail options,” said Frantzman. “Somerville Circle Shopping Center’s affluent consumer base and accessible location proved to be very attractive to this tenant. Carter’s is a wonderful complement to our existing co-tenancy, and we are confident the store’s presence will drive additional traffic to the center and contribute to its ongoing success.”

Headquartered in Atlanta, Georgia, Carter’s is a leading brand of children’s clothing, gifts and accessories in America, selling more than 10 products for every child born in the United States. Carter’s clothing for children from newborn through size 8 includes sleepwear, playwear, swimwear, jackets and outerwear, shoes, accessories and more.

Located at 300 Route 202 at the intersection of Routes 202/206 and Route 28, Somerville Circle Shopping Center is anchored by Toys “R” Us/Babies “R” Us, Staples, Petco and P. C. Richard & Son. Other national and regional tenants include Panera Bread, Burger King, Five Below and Harmon Discount. The center serves a growing residential population of more than 109,000 people within a five-mile radius. The marketplace has an average household income above $107,000 per year, and the daily traffic count exceeds 32,000 vehicles per day.

Space availabilities at Somerville Circle Shopping Center include one, 1,100-square-foot space and a proposed 6,000-square-foot pad site.

In business for more than six decades, Levin is one of the nation's leading retail real estate services firms. The company has consistently grown its portfolio and internal resources, responding to a variety of retail and economic climates. The firm’s services today 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. 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.

Read 8207 times Last modified on Tuesday, 22 September 2015 21:28