Levin Management Corp., a commercial real estate firm based in North Plainfield, announced on Monday it has been named the managing agent for Marketplace at Edgewater, a 73,000-square-foot shopping center.
The assignment, located at 725 River Road in Edgewater, represents the expansion of LMC’s Bergen County shopping center portfolio, according to Joseph Lowry, senior vice president of acquisitions and business development.
Situated on 6 acres, the property is located along the Hudson River’s “Gold Coast” market. Tenants include Trader Joe’s, Orangetheory Fitness, Harmon Face Values, Pet Valu, Massage Envy and River Pet Resort & Rehab as well as eight restaurants, which are all open with outdoor dining, and more.
“Marketplace at Edgewater is a well-occupied, service-oriented center with an Internet-resistant tenant mix – including one of the most desirable specialty grocers,” Lowry said. “In addition to its high-profile nature, this appointment is particularly rewarding because it represents our first assignment with Capstone Realty Group. We intend to apply our proven management standards to all aspects of the center’s operation, to further enhance the property’s operational efficiency and maximize its strong curb appeal. Capstone was particularly looking for our expertise and guidance to optimally navigate through the current COVID-19 retail environment.”