Positioning Retail Real Estate for a New Generation

July 23, 2020

  • Posted on:  Friday, 24 July 2020 20:00
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America’s Best Contacts & Eyeglasses Now Open at Somerville Circle Shopping Center in Raritan, N.J.

3,000-SF Lease Commitment Brings Retail Property to Full Occupancy

RARITAN, N.J., July 23, 2020 – America's Best Contacts & Eyeglasses – one of the largest optical retailers in the United States – is now open at Somerville Circle Shopping Center in Raritan. The 3,000-square-foot store brings the 150,000-square-foot property to 100% occupancy, announced Levin Management Corporation (LMC), exclusive leasing and managing agent.

LMC Senior Leasing Representative Vanessa Fernandez-Kelty arranged the America’s Best lease; Cushman & Wakefield and David Dunkelman of Soloff Realty & Development represented the tenant.

This latest tenant addition comes as national off-price retailer Burlington Stores is gearing up to open a new, 46,000-square-foot store at Somerville Circle Shopping Center. “We are thrilled to introduce America’s Best Contacts & Eyeglasses to the mix at this high-demand property,” said Fernandez-Kelty. “America’s Best marks a new retail category for Somerville Circle, and this brand represents a quality addition. This property has become a magnet for national brands that secure its position as a ‘one-stop shopping’ destination.”

America's Best Contacts & Eyeglasses provides quality, affordable eye care and eyewear at the low prices America deserves, every day. Offering customers an exceptional value with two pairs of glasses for $69.95, including a free eye exam. America's Best believes that vision is central to quality of life and that people deserve to see their best to live their best, regardless of their economic status. Additionally, following CDC recommendations, America’s Best has enhanced safety and sanitization protocols to ensure everyone can get the care they need quickly and safely.

Somerville Circle Shopping Center is anchored by P.C. Richard & Son and serves as home to Staples, Petco, Carter’s, Jersey Mike’s, Panera Bread, Burger King, Five Below and Harmon Discount. Located at 300 Route 202, at the intersection of Routes 202/206 and Route 28, Somerville Circle Shopping Center serves a growing residential population of more than 113,200 people within a five-mile radius. The marketplace has an average household income above $136,000 per year, and the daily traffic count on Route 202/206 exceeds 72,000 vehicles.

For nearly seven decades, 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 nearly 110 properties totaling almost 15.5 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction management 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 2320 times Last modified on Friday, 24 July 2020 20:02