Positioning Retail Real Estate for a New Generation

October 10, 2017

  • Posted on:  Thursday, 12 October 2017 16:47
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Apogee NY LLC Leases Space at Rutgers Industrial Center in Piscataway, N.J.

Firm to Occupy 77,000 SF at Levin-Managed Industrial/Warehouse Complex

PISCATAWAY, N.J., Oct. 10, 2017 – Apogee NY LLC has signed a 77,000-square-foot commitment at 271 Circle Drive North in Rutgers Industrial Center, Piscataway. Commercial real estate services firm Levin Management Corporation (LMC) of North Plainfield, N.J., which serves as asset manager for the five-building, 535,000-square-foot industrial/warehouse complex, orchestrated the lease.

Apogee NY LLC’s (d.b.a. Unique Thrift Stores) sustained retail business growth prompted its need for additional, well-located distribution space, according to Robert Carson, LMC’s executive vice president. The company will use 271 Circle Drive North to serve its regional retail stores.

Rutgers Industrial Center sits in the heart of Middlesex County, easily accessible to I-287 and just five miles from Exit 10 of the New Jersey Turnpike. Newark Liberty International Airport, New York City and New Jersey seaports all are nearby.

“271 Circle Drive North’s prime location, providing access to a superior regional transportation network, made it particularly attractive to this tenant,” noted Carson. Apogee NY LLC also will benefit from newly renovated office space and on-site parking.

For 65 years, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. LMC today maintains a diversified, retail-focused portfolio of approximately 100 properties totaling 14 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services. 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 5054 times Last modified on Thursday, 12 October 2017 17:53