Salon 724 Leases 2,300 Square Feet at Levin-Managed Center
BENSALEM, Pa., Jan. 2, 2014 - Salon 724 is the latest service-oriented tenant to join the retail mix at Centre Plaza in Bensalem, Pa. The hair salon leased 2,300 square feet at the 43,550-square-foot shopping center, announced Levin Management, Centre Plaza's exclusive leasing and managing agent.
Levin's leasing representative Jordan Korris negotiated the long-term lease.
"Centre Plaza is a very service-oriented shopping center, making Salon 724 a perfect fit with our existing tenant roster," said Korris. "By offering a variety of salon services in a clean and friendly atmosphere, this tenant represents another outstanding option for Centre Plaza shoppers as well as the local community."
Centre Plaza's retail, restaurant and service-oriented tenants include Curves for Women, Domino's Pizza, LabCorp, MGM Financial Strategies Inc., First Federal Savings & Loan, A&S Bagels and Tako Japanese Restaurant. Centre Plaza serves a growing residential population of almost 270,000 people within a five-mile radius. The marketplace offers an average household income of more than $67,000, and the daily traffic count is about 27,000 vehicles.
Prime retail space remains available at Centre Plaza ranging from 1,700 to 10,200 square feet.
Located in Bensalem, the largest municipality in Bucks County, Centre Plaza is ideally positioned just one mile from the Pennsylvania Turnpike at the intersection of a busy county road and city street, and adjacent to Bensalem Public High School. The popular neighborhood shopping center also is in proximity to Parx Casino, the largest casino gaming complex in Pennsylvania.
"For hair salons and other service-oriented retailers, choosing the right location is one of the most important elements to building a successful business," said Michael Cohen, Levin's vice president of leasing. "Centre Plaza's outstanding demographics and access to major highways were a tremendous upside for this tenant."
Levin Management is one of the nation's leading retail real estate services firms, with a strong focus in the northeastern United States and an owner's approach to the business. The firm's portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services include leasing, property management, accounting, construction management and marketing. Levin specializes in repositioning, retenanting and renovating retail properties - areas that have become particularly vital for today's institutional and individual property owners.
With headquarters in North Plainfield, N.J., Levin serves properties ranging from neighborhood, community, lifestyle and power centers, to enclosed malls, street retail, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Massachusetts, Virginia, and North Carolina. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.
Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation's top property managers by Commercial Property Executive magazine, placed among the nation's top 10 redevelopers by Chain Store Age, credited as one of the state's top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ's Top Property Management Companies list and sixth on NJBIZ's Top Commercial Real Estate Developers list.