NORTH PLAINFIELD, NJ — Amid the challenges of 2020, commercial real estate services firm Levin Management Corporation (LMC) achieved tangible progress – a promising sign for the industry moving into a new year. Over the past 12 months the North Plainfield based organization secured nearly 700,000 s/f of new leases and renewals, added new leasing and management assignments, solidified its staff with new hires/promotions, and garnered several industry recognitions.
Highlights of LMC’s retail leasing activity included an anchor lease with off-price retailer Burlington Stores at Mill Creek at Harmon Meadow (Secaucus), a 24,000 s/f lease with Aqui Market at Twin City Shopping Center (Bayonne) and a 20,000 s/f lease with Planet Fitness at Mayfair Shopping Center (Commack, NY). LMC’s transactional activity also brought a host of renewals as well as new retailers and service providers to the region, punctuated by nearly one dozen leases with restaurant tenants – several of which have already launched operations. Other openings involved high-profile anchors like Lidl (North Brunswick) and Burlington Stores (Raritan).
Non-retail leasing highlights within LMC’s diversified portfolio included a 135,000 s/f renewal by Hall’s Warehouse Corp. at Rutgers Industrial Center (Piscataway).
“Despite the economic uncertainty and business-related disruptions facing our industry since March, there has been progress – with certain key dynamics coming into sharpened focus,” said LMC’s Matthew Harding, chief executive officer. “For example, positive landlord/tenant relations have always been important. During 2020, as tenants worked to navigate an incredibly difficult environment, we approached everything on a very granular basis, reviewing the distinctive needs and nature of each business. Likewise, we have done the same with our landlord clients and their individual properties to help them best respond to tenant requests and operational needs.