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.

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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.

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“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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Harding says vacancies are declining and rents are trending upat quality properties, sparking stepped-up new development andexpansion/renovation work at well-located shopping centers. Infact, both the T.J.Maxx andAutoZone leases will be accommodated by propertyexpansions at St. Georges Crossing andMid-Town Plaza, respectively.

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“The success of recently completed construction projects arebright spots in the Northeast retail real estate market,” he says.“And while we will continue to see quality inventory added to meetgrowing demand, the maturity of the market, combined with lengthyapproval and building processes, will keep the supply/demand ratioin check. Looking ahead, we expect the market's stability toincrease – gradually, not rapidly – over the next couple ofyears.”

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Levin is one of the nation's leading retail real estate servicesfirms, with a strong focus in the northeastern United States and anowner's approach to the business. The company offers a full rangeof services for a diverse portfolio, including leasing, propertymanagement, accounting, construction management and marketing.Levin specializes in repositioning, retenanting and renovatingretail properties – areas that have become particularly vital fortoday's institutional and individual property owners.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].