360 Taiko Sushi & Lounge, Jeans Fashion to Occupy a Combined 7,400 Square Feet
PATCHOGUE, N.Y., July 2, 2014 – North Plainfield, N.J.-based Levin Management has announced two lease agreements totaling 7,400 square feet at 35-71 South Ocean Ave., a 23,000-square-foot storefront retail space in downtown Patchogue. The new tenants include sushi restaurant 360 Taiko Sushi & Lounge (4,900 square feet) and apparel retailer Jeans Fashion (2,500 square feet).
Levin's Senior Leasing Representative Jake Frantzman negotiated the transactions on behalf of 360 Taiko Sushi & Lounge and Jeans Fashion.
Patchogue, located on the South Shore of Long Island, N.Y., is undergoing a dramatic rebirth that is transforming the 2.2-square-mile village into a dining, arts and entertainment hub. New Village at Patchogue – a $100 million mixed-use development now under construction at the site of the former Swezey's department store – is enhancing the urban fabric of the town and promoting Patchogue as an active, pedestrian-friendly community.
"Patchogue's revitalization efforts are bringing a whole new energy to the downtown area, making it a very exciting place in which to live, visit and conduct business," said Frantzman. "35-71 South Ocean Ave. is ideally located just one-half block away from the New Village development, which will include more than 291 apartment units and hundreds of new residential tenants. 360 Taiko Sushi & Lounge and Jeans Fashion will benefit from these strong demographics, as well as outstanding transportation access."
With its fresh approach to sushi and Pan Asian fare, 360 Taiko Sushi & Lounge will serve up a broad menu of imaginative cuisine in a stylish and comfortable setting. The restaurant will be open for lunch and dinner, as well as Sunday brunch, according to Cindy Chan, an experienced restaurateur who owns 360 Taiko Sushi & Lounge along with two business partners. "Patchogue is an amazing town that is in the midst of a wonderful revival. It was the perfect location for 360 Taiko Sushi & Lounge, and we look forward to introducing an innovative and exciting dining experience to the community," said Chan.
35-71 South Ocean Ave. is situated in downtown Patchogue, N.Y., just over one mile south of The Sunrise Highway and less than five miles away from the Long Island Expressway. It is three blocks away from the Long Island Railroad; and is within walking distance to the Fire Island National Seashore Ferry and rail service to Manhattan, The Hamptons and Montauk.
The recently renovated property serves a growing residential population of almost 160,000 people within a five mile radius. The marketplace offers an average household income of more than $91,000 and Main Street's traffic count exceeds 26,000 vehicles per day. 35-71 South Ocean Ave., already home to a 7,700-square-foot Family Dollar store among other tenants, is an ideal location for a range of retail, service and medical uses.
Levin 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 fifth on NJBIZ's Top Commercial Real Estate Developers list.