Levin secures half-dozen shopping center assignments; grows portfolio

By Emily Bader
New Jersey | Aug 22, 2018 at 11:38 am

Levin Management Corp. announced Tuesday it has secured six new shopping center assignments in New Jersey and Pennsylvania over the past six months.

The new assignments, LMC said, have grown its portfolio to 105 properties totaling 15 million square feet.

“Shopping center owners – whether they be institutional or individuals – understand that maximizing the value, improving the efficiency and maintaining the appeal of their properties is becoming increasingly complex,” Robert Carson, LMC’s executive vice president, said. “Our newest assignments come on the heels of a record year for new business in 2017. Existing and new clients appreciate our expertise and the guidance we provide. This is particularly valuable in the current retail environment, where seamless, expert operation plays a significant role in a property’s success and ongoing competitive positioning.”

In New Jersey, LMC  was named to manage:

  • Kearny Square in Kearny, a 138,895-square-foot, fully-leased retail center;
  • Oak Tree Center in Edison, a 189,000-square-foot community shopping center;
  • ITC Crossing South in Mount Olive, a power center;
  • Festival Plaza in Edison;
  • Wall Towne Center in Wall Township.

In Pennsylvania:

  • High Pointe Commons in Harrisburg, a 335,000-square-foot regional shopping center.

“This is a tremendous group of high-quality properties,” Carson said. “Whether we are coming on board to improve and upgrade property operations and image, and/or lease up available space, or simply continue in these capacities following an ownership change, our clients choose LMC because they value our track record and contributions as a landlord-focused real estate services provider.”

Emily Bader | ebader@roi-nj.com | emilybader