Positioning Retail Real Estate for a New Generation

November 30, 2015

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Panera Bread Marks Grand Opening at Post Road Plaza in Pelham Manor, N.Y.

Fast-Casual Restaurant Occupies 4,500 Square Feet at Levin-Managed Center

VILLAGE IN PELHAM MANOR, N.Y., Nov. 30, 2015 – Fast-casual restaurant chain Panera Bread is now open at Post Road Plaza in Pelham Manor, N.Y., according to Levin Management, exclusive leasing and managing agent for the 267,000-square-foot Westchester County shopping center.

Panera Bread, which occupies 4,500 square feet, is one of several new national tenants to join Post Road Plaza’s dynamic tenant roster. Dining/entertainment chain Dave & Buster’s, Sally Beauty Supply and eyewear retailer Visionworks all have opened there in recent months.

“We are pleased to expand Post Road Plaza’s dining options with Panera Bread, a restaurant chain known for its gourmet sandwiches, soups, salads and baked items,” said Korris. “Panera Bread, along with the addition of several other prominent national tenants, is solidifying Post Road Plaza’s place as a premier shopping and dining destination in Westchester County.”

Besides the newest tenants mentioned above, the center also has other national tenants including a 75,000-square-foot Fairway Market, HomeGoods, Modell’s, Marshalls Shoes, Dress Barn, Lane Bryant, Citibank, Hallmark, Smashburger and GNC. The center serves a growing residential population of nearly 411,500 people within a three-mile radius and nearly 1.2 million people within five miles of the property. The three-mile trade area offers an average household income of $72,000. Additionally, more than 82,000 vehicles pass the property per day on the Hutchinson River Parkway/Boston Post Road.

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. These services 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.

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