Positioning Retail Real Estate for a New Generation

December 15, 2016

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JAG Physical Therapy Lease Brings Chatham Plaza to Full Occupancy

Physical Therapy Practice Commits to 4,600 Sq. Ft. at Levin-Managed Shopping Center

CHATHAM, N.J., Dec. 15, 2016 – The addition of JAG Physical Therapy at Chatham Plaza in Chatham will bring the 31,500-square-foot Morris County shopping center to full occupancy, announced Levin Management Corporation (LMC). The North Plainfield, N.J.-based commercial real estate services firm is the property’s exclusive leasing and managing agent.

LMC Leasing Representative Vanessa Fernandez arranged the new, 4,600-square-foot lease. “JAG Physical Therapy currently operates 11 facilities in New York and New Jersey, and was looking to expand its services into Morris County,” she said. “With strong local demographics and the presence of a CVS Pharmacy, Chatham Plaza was the ideal location for the brand’s growth. We are confident JAG Physical Therapy will become a valuable resource for residents of Chatham and the surrounding communities.”

Headquartered in West Orange, JAG Physical Therapy is an outpatient physical therapy company that provides physical therapy care for general orthopedic, sports and soft tissue injuries; Workers’ Compensation cases; and Medicare patients. The company is a leader in the recovery of knee, foot and ankle, hip, shoulder, elbow, and back injuries.

Chatham Plaza’s anchor tenant, CVS Pharmacy, recently renewed and expanded at the property. The newly completed, 14,000-square-foot store offers a modern look and a larger assortment of products. The center’s tenant mix also includes a C2 Education tutoring center along with typical neighborhood conveniences such as Noah’s Bagels, Villa Pizza, Green Nails Salon, a dry cleaner and a taekwondo center.

Fernandez said Chatham Plaza’s full occupancy solidifies its position as akey local shopping destination. Located on Main Street, the center serves a growing residential population of nearly 150,000 people with a $186,000 average household income within a five-mile radius. The daily traffic count on Main Street is 25,000 vehicles.

For more than six decades, LMC has been a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value. LMC today maintains a diversified, retail-focused portfolio of approximately 95 properties totaling 13 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing. LMC’s services 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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