Positioning Retail Real Estate for a New Generation

July 17, 2018

  • Posted on:  Thursday, 19 July 2018 19:44
  • Written by 
Rate this item
(0 votes)

Levin Expands Hudson County Portfolio with Kearny Square Assignment

Firm Named Managing Agent for Kearny, N.J., Shopping Center

KEARNY, N.J., July 17, 2018 – Levin Management Corporation (LMC) has been named exclusive managing agent for Kearny Square, a 138,895-square-foot, Class A retail center anchored by BJ’s Wholesale Club. Following the Kearny property’s recent trade, its new ownership selected LMC to ensure the shopping center is maintained to the highest standards and retains its established competitive position, according to Robert Carson, LMC’s executive vice president.

“Situated in a rapidly growing Hudson County marketplace, Kearny Square is a fully leased shopping center with a fantastic tenant mix,” Carson said. “This is a recently introduced, highly attractive property. We look forward to utilizing our expertise in all aspects of property operations to position Kearny Square for long-term success under its new ownership.”

Kearny Square was delivered in 2016 and boasts frontage along heavily trafficked Passaic Avenue. The property sits just one mile north of I-280 and less than five minutes from downtown Newark. In addition to BJ’s Wholesale Club, the center’s tenant roster includes a variety of national fast-casual eateries and service providers, including PetSmart, Chipotle, Jersey Mike’s Subs, Five Below and Carter’s.

For more than 65 years, LMC has served as 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; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in every facet of its business.

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. The company specializes in repositioning, retenanting and renovating real estate – areas that have become particularly vital in an increasingly competitive market. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 3865 times Last modified on Thursday, 19 July 2018 19:46