Levin to Manage 2 NJ Shopping Centers
- Sep 15, 2017
Levin Management Corp. has been named exclusive leasing and managing agent for two shopping centers in Secaucus and Flemington, N.J. The Secaucus assignment involves a 306,000-square-foot power center known as the Mill Creek at Harmon Meadow. The other site is the 240,000-square-foot Flemington Marketplace.
Featuring Kohl’s, Babies R Us/Toys R Us, T.J. Maxx and Bob’s Discount Furniture, the Secaucus shopping center is near Interstate 95, minutes from Manhattan. The asset is at the center of the Meadowlands submarket. Mill Creek is the second Harmon Meadow assignment for LMC this year. The firm also became managing agent for The Plaza at Harmon Meadow.
“There’s incredible demand for retail space there and existing tenants continue to perform extremely well, bolstered by a population of 250,000 people within a three-mile radius,” said Joseph Lowry, LMC’s senior vice president of leasing and acquisitions, in a prepared statement. The company’s initial efforts will focus on marketing a 47,260-square-foot big box retail space formerly occupied by Sports Authority. LMC Senior Leasing Representative Kyle Farley is heading up the Mill Creek property leasing team.
Good position, strong demographics
Flemington Marketplace is an open-air shopping center in the Flemington Circle, at the intersection of routes 202, 31 and 12. The property features several national anchor tenants, including Kohl’s, Michaels and Burlington Coat Factory. Chili’s, Panera Bread, Verizon Wireless, Hallmark and Cold Stone Creamery complement the tenant roster. A new Aldi supermarket is under construction and scheduled to open at the property this fall.
“Flemington Marketplace has great presence, access and visibility, and is one of the best-positioned shopping centers in the Flemington retail district,” said Lowry. There is a $136,000 average household income within a five-mile radius and a daily traffic count of 46,000 vehicles passing the property.
Under the direction of Senior Leasing Representative Andrea Kyriacou, LMC will first focus on filling the center’s remaining 2,400-square-foot space. LMC also plans to create additional junior box space, as well as a new outparcel.
In recent months, the firm was awarded New Jersey leasing or management assignments in Delran, Freehold, Hackettstown, Madison and Union, as well as in Westbrook, Conn. Recently, the company added real estate veteran Paul Tavaglione as CFO & vice president.
Images courtesy of Levin Management Corp. and via Google Street View