In the transaction, Capitol Plaza was represented by DaleMulartrick of the North Plainfield, NJ-based Levin Management Co.,which has the property's exclusive. Sav-A-Lot was represented byMichael Murray of Metro Commercial. Terms, including rental price,were not released. Located at Route 206 and N. Olden Ave. withinthe complex, the latest tenant is a wholly owned subsidiary ofSupervalu Inc.

"This value-oriented retailer will be an excellent source ofwell-priced grocery items for consumers, who are becomingincreasingly cost-conscious," says Matthew Harding, president andCOO of Levin. The latest transaction is part of a largerre-tenanting that Levin launched at Capitol Plaza after an existingsupermarket shut down. That plan calls for subdividing themulti-level center's 70,000-sf spaces.

"The Sav-A-Lot lease restores the center's grocery component,but with a smaller space requirement," Mulartick says. "Ultimately,this enables us to further diversify Capitol Plaza.'s broad tenantmix."