NORTH PLAINFIELD, NJ–Retail real estate services firmLevin Management has inked more than three dozennew leases, renewals and expansions totaling 277,000 square feetduring the past four months, says Matthew K.Harding, president of the company.Levin's year-to-date activity total now exceeds600,000 square feet, marking continued momentum for the Northeastretail 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 fromJune through September involved a 30,808-square-foot commitment byStein Mart, which will open its first Long Islandlocation at Mayfair Shopping Center in Commack,NY. In New Jersey, T.J.Maxx leased 23,000 squarefeet at St. Georges Crossing in Woodbridge, whileStaples signed on for 14,249 square feet atNorth Village Shopping Center in North Brunswick.At Mid-Town Plaza in Middletown, PA, a7,400-square-foot lease to AutoZone representedLevin's largest recent Keystone State transaction.
“Leasing has picked up markedly among tenants looking toestablish or expand their footprints in the Northeast,” saysHarding. “Grocers, affordable fitness chains, off-price retailersand fast-casual restaurants are among the most active categories,with strong demand from national, local and franchisecompanies.”
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