Positioning Retail Real Estate for a New Generation

February 14, 2017

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T-Mobile Joins Tenant Roster at Levin-Managed Rutgers Plaza

Wireless Network Operator Inks 2,000-SF Lease at Somerset County Shopping Center

FRANKLIN TWP., N.J., Feb. 14, 2017 – Wireless voice and data communications services provider T-Mobile has leased 2,000 square feet of space at Rutgers Plaza in Franklin Township, becoming the latest tenant to join the retail mix at this premier Somerset County shopping destination. Levin Management Corporation (LMC) serves as exclusive leasing and managing agent for the 266,000-square-foot center.

LMC’s leasing representative Jordan Korris negotiated the long-term lease.

“T-Mobile represents a high-quality addition to Rutgers Plaza’s diverse tenant roster,” said Korris. “Retailers are attracted by Rutgers Plaza’s centralized location, excellent daily consumer traffic and two quality anchor tenants – Stop & Shop and Crunch Fitness. T-Mobile brings another valuable service to the property and to the area.”

In addition to its 74,000-square-foot Stop & Shop and 29,000-square-foot Crunch Fitness locations, Rutgers Plaza features a complementary lineup of national and regional tenants including Dollar Tree, Burger King, GameStop, Chase Bank, Plaza Cleaners, GNC and Venus Jewelers, among others. Situated on Easton Avenue at Kennedy Boulevard, Rutgers Plaza serves a growing residential population of more than 263,300 people within a five-mile radius. The marketplace offers an average household income of nearly $106,000 within one mile of the property. The daily traffic count on Easton Avenue exceeds 39,000 vehicles.

Space availabilities at Rutgers Plaza range from 1,800 square feet to 20,810 square feet.

For 65 years, 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.

Read 6500 times Last modified on Tuesday, 14 February 2017 22:08