NORTH PLAINFIELD, NJ–Retail real estate services firm Levin Management has inked more than three dozen new leases, renewals and expansions totaling 277,000 square feet during the past four months, says Matthew K. Harding, president of the company. Levin's year-to-date activity total now exceeds 600,000 square feet, marking continued momentum for the Northeast retail market, where the majority of its 13 million-square-foot, 95-property leasing and management portfolio is located.
Levin's largest new lease in the period from June through September involved a 30,808-square-foot commitment by Stein Mart, which will open its first Long Island location at Mayfair Shopping Center in Commack, NY. In New Jersey, T.J.Maxx leased 23,000 square feet at St. Georges Crossing in Woodbridge, while Staples signed on for 14,249 square feet at North Village Shopping Center in North Brunswick. At Mid-Town Plaza in Middletown, PA, a 7,400-square-foot lease to AutoZone represented Levin's largest recent Keystone State transaction.
“Leasing has picked up markedly among tenants looking to establish or expand their footprints in the Northeast,” says Harding. “Grocers, affordable fitness chains, off-price retailers and fast-casual restaurants are among the most active categories, with strong demand from national, local and franchise companies.”
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