Portfolio Add Highlights CRE Services Firm’s Diversified Expansion
The addition of a high-profile Fort Lee office property highlights Levin Management Corporation's (LMC’s) growing diversified commercial management portfolio. The North Plainfield, N.J.-based firm has assumed the role of managing agent for 222 Bridge Plaza South, a 108,000-square-foot, seven-story building.
The key assignment represents the expansion of LMC’s Bergen County foothold and underscores the depth of the company’s commercial real estate services platform, according to Joseph Lowry, senior vice president of acquisitions and business development. “LMC is widely regarded for its long history of delivering third-party real estate services to retail property owners,” Lowry said. “Yet our portfolio also includes approximately 1.65 million square feet of industrial and office assets – sectors for which we are seeing increased demand.”
Following 222 Bridge Plaza South’s recent sale, its new ownership selected LMC to ensure the multi-tenant office building is maintained to the highest standards and retains its competitive position. Prominent Properties Sotheby’s International Realty will handle the leasing of the property for the new ownership.
222 Bridge Plaza South is located within the heart of a dynamic live/work/play neighborhood. The premier office property, which also serves as home to fashion company Southpole, is minutes away from Manhattan and accessible from major thoroughfares including interstates 80 and 95; routes 1 and 46; the New Jersey Turnpike; and the Palisades Interstate Parkway.
“The assignment is particularly rewarding because it represents our first project for this private owner entity, which plans to house its headquarters onsite,” Lowry added. “We intend to apply our proven management standards to all aspects of the building’s operation and to support 222 Bridge Plaza South’s long-term success. We also look forward to working with Prominent Properties on this project.”
For seven decades, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The company today maintains a 120-property, 16 million-square-foot leasing and management portfolio. LMC helps its clients operate properties and create case-specific solutions to protect and improve 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.
The firm offers 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.
