Levin Management Corp., a commercial real estate services firm based in North Plainfield, announced on Monday a lease with Burlington Stores in Secaucus.
The national off-price retailer will take over the big box retail space at Mill Creek at Harmon Meadows, a 306,000-square-foot power center part of the 200-acre mixed-use Harmon Meadow development. The space was formerly occupied by a Sports Authority.
LMC’s Sidney Singer, vice president of leasing, arranged the deal for New York Life Real Estate Investors on behalf of its client. CNS Real Estate‘s Clifford Simon served as the tenant broker.
“Backfilling an anchor vacancy — particularly in today’s challenging climate — is big news,” Singer said. “And securing such a strong national brand bodes very well for the future of this property. Burlington is a quality addition to Mill Creek’s tenant lineup, which also includes Kohl’s, T.J. Maxx, and Bob’s Discount Furniture.” The shopping center sits four miles from Manhattan at the crossroads of the NJ Turnpike and Route 3.
This is LMC’s second lease signing with Burlington Stores. The first was at the Somerville Circle Shopping Center in Raritan.
“We are pleased to represent another client in a lease transaction with Burlington,” Singer said. “Even before the pandemic, off-price brands were positioned among the strongest sub-sectors in retailing. Now, many consumers have become even more cost-conscious. This niche is well positioned to maintain its ‘edge’ — with Burlington’s activity illustrating this new reality.”
