Positioning Retail Real Estate for a New Generation

February 26, 2016

  • Posted on:  Friday, 26 February 2016 22:12
  • Written by 
Rate this item
(0 votes)

Citi Trends Retail Store Now Open at Rising Sun Plaza in Philadelphia

Urban Apparel Chain Grows Northeast Presence at ICSC-Award-Winning Property

PHILADELPHIA, Pa. - Feb. 26, 2016 - Value-priced urban apparel retailer Citi Trends has opened a new 14,500-square-foot store at Rising Sun Plaza in Philadelphia. The 244,000-square-foot shopping center is exclusively leased by North Plainfield, N.J.-based Levin Management, on behalf of LRF Slater Companies, Inc., the property's developer.

"Rising Sun Plaza continues to attract a well-rounded mix of retailers, restaurants and service providers," said Barry Borksy, Levin's leasing representative for Rising Sun Plaza. "The property's mission always has been to serve the community and its specialized needs, and this includes delivering the latest and best retail offerings for shoppers. Citi Trends - a rapidly growing apparel and accessory chain - represents another outstanding option for cost-conscious consumers who live and work in the community."

Citi Trends is a value-priced retailer of urban fashion apparel, shoes, accessories and home décor for the entire family, providing nationally recognized branded merchandise at discounts of up to 70 percent off department and specialty store prices. Citi Trends currently operates about 521 stores in 31 states.

Located at the corner of Rising Sun and Adams avenues, Rising Sun Plaza has been a northeast Philadelphia retail landmark for more than 30 years and is a past recipient of the International Council of Shopping Centers' Award for Public Service Contribution. The property serves a growing residential population of more than 867,000 people within a five-mile radius, and a daytime population of 225,000 people within those same five miles. The marketplace offers an average household income of $50,600 and a daily traffic count of more than 58,000 vehicles.

Anchored by Farmers Best International Supermarket, Roses Discount Store, PJP Marketplace and a popular 24-hour Planet Fitness franchise, Rising Sun Plaza features a diverse tenant mix. This also includes Kicks USA, Rising Sun Beauty Outlet, Mega Dollar, Aaron's Rent to Own, Harbor Seafood Grill, Pho & More 2, Wendy's, Popeye's Chicken and Biscuits, and Subway, along with a selection of local medical and service providers.

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 6972 times Last modified on Friday, 26 February 2016 22:32