Positioning Retail Real Estate for a New Generation

October 12, 2015

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Stein Mart Opens at Mayfair Shopping Center in Commack, N.Y.

Off-Price Retailer Marks First Foray into Long Island at Levin-Managed Center

COMMACK, N.Y., Oct. 12, 2015 – National apparel and home decor retailer Stein Mart recently celebrated the opening of its first Long Island store at Mayfair Shopping Center in Commack. Stein Mart occupies 30,800 square feet at the 221,000-square-foot shopping center, which is exclusively leased and managed by North Plainfield, N.J.-based Levin Management.

“This Stein Mart store represents the chain’s initial entry into Long Island, and we couldn’t be more excited to welcome them to Mayfair Shopping Center,” said David Reiner, vice president of leasing. “Stein Mart is rapidly expanding its nationwide presence, and the center’s locale and co-tenancy were a perfect fit for the brand’s target customer. We are confident Stein Mart’s presence will further Mayfair Shopping Center’s position as one of the region’s premier retail destinations.”

For Stein Mart, the recent launch was highly successful. “The Mayfair Shopping Center store opening was one of our best in the past decade,” said Stein Mart’s Steve Horowitz, senior vice president, real estate and construction. “This is a good indicator of long term success.”

Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. With more than 270 locations from California to Massachusetts, Stein Mart offers a focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions.

“We’ve had our eye on the Long Island area for quite some time,” said Stein Mart CEO Jay Stein. “We have all intentions of adding more stores to this market and look forward to being part of the Commack community for a long time.”

Well located on the heavily traveled Jericho Turnpike, just west of the Sunken Meadow Parkway, Mayfair Shopping Center serves a growing residential population of more than 204,000 people within a five-mile radius. The marketplace offers an average household income of more than $124,000, and the daily traffic count exceeds 29,500 vehicles.

Anchored by a 60,000-square-foot Waldbaum's supermarket, the center’s impressive lineup of national and regional tenants includes Rite Aid, MJM Designer Shoes, Gap/Gap Kids, Ann Taylor Loft, New York & Company, Joseph A. Bank, Sherwin Williams, Capital One Bank, Justice, Chico’s, Claire’s Accessories, Outback Steakhouse and Choice Pet Supply, among others.

Space availabilities include inline units ranging from 1,280 square feet to 2,500 square feet, and a newly constructed 3,750-square-foot end cap restaurant space.

Levin is one of the nation’s leading retail real estate services firms, with a strong focus in the northeastern United States and an owner’s approach to the business. The firm’s portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. This includes 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.

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