Positioning Retail Real Estate for a New Generation

September 6, 2018

  • Posted on:  Wednesday, 12 September 2018 14:45
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Levin Arranges Lease for U.S. Armed Forces Recruiting Office in North Plainfield, N.J.

New, 3,900-SF Facility to Open at CVS Plaza On Route 22 East

NORTH PLAINFIELD, N.J., Sept. 6, 2018 – A new lease signing with the United States Government for an Armed Forces Recruiting Office brings CVS Plaza in North Plainfield to full occupancy. Commercial real estate services firm Levin Management Corporation (LMC) serves as exclusive leasing and managing agent for the 18,900-square-foot, Route 22 retail property, which also includes a 15,000-square-foot CVS Pharmacy.

“We are pleased to partner with our armed forces and meet their space requirements at CVS Plaza,” said LMC Leasing Representative Vanessa Fernandez, who arranged the 3,900-square-foot, long-term lease. “From a standpoint of demographics and accessibility, this property provides a great place to service the regional community.”

Situated at 917 Route 22 East, CVS Plaza serves a growing residential population of more than 233,000 people within a five-mile radius, with an average household income of nearly $127,000. More than 60,000 vehicles pass the property daily, and its immediate neighborhood features many of the most recognized names in retailing today including Costco, ShopRite, BJs, Target, Walmart and Marshalls, among others.

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 today maintains a diversified, retail-focused portfolio of approximately 105 properties totaling 15 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 capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 3825 times Last modified on Wednesday, 12 September 2018 14:51