Positioning Retail Real Estate for a New Generation

April 15, 2020

  • Posted on:  Friday, 17 April 2020 20:54
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Great Clips to Join Tenant Mix at Mid-Town Plaza in Middletown, Pa.

Lease Commitment Brings Levin-Managed Center to Full Occupancy

MIDDLETOWN, Pa., April 15, 2020 – National salon brand Great Clips will join the tenant roster at Mid-Town Plaza, bringing the Middletown retail property to 100% occupancy, announced Levin Management Corporation (LMC), exclusive leasing and managing agent. LMC Senior Leasing Representative Sidney Singer arranged the 3,500-square-foot Great Clips lease; Steve Clipman of TRUE Commercial Real Estate represented the tenant.

Established in 1982, Great Clips has more than 4,400 salons throughout the United States and Canada, providing competitively priced, high-quality haircuts for men, women and children. Great Clips hair salons are open seven days per week, including nights and weekends, with no appointments needed.

“Service-oriented tenants – particularly hair salons and other sub-sections of the beauty industry – are essential to the success of any shopping center,” said Singer. “These necessity-based businesses are virtually ‘Internet proof’ and keep people coming back to a center on a consistent basis. Offering haircuts for the whole family, Great Clips is a wonderful complement to Mid-Town Plaza’s tenant roster and represents another convenience for our shoppers and the community at large.”

Located at 450 East Main Street, the 102,000-square-foot Mid-Town Plaza is a primary shopping destination within its central Pennsylvania marketplace. Anchored by a 59,500-square-foot Giant Supermarket, the center’s co-tenancy also includes Dollar Tree, Aaron’s, AutoZone and H&R Block, among others. Mid-Town Plaza serves a residential population of more than 57,000 people within a five-mile radius.

For nearly seven decades, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The company today maintains a diversified, retail-focused portfolio of nearly 110 properties totaling almost 15.5 million square feet in the Northeast and Mid-Atlantic states – including a notable proportion of grocery-anchored centers.

LMC helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in every facet of its business. The firm offers leasing, property management, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

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