Global Doughnut and Coffee Chain Leases 3,160 Square FeetCLIFTON, N.J., July 28, 2014 – Dunkin’ Donuts, America’s all-day, every day stop for coffee and baked goods, is set to join the retail mix at Clifton Plaza in Clifton. The global doughnut purveyor and coffeehouse chain has leased 3,160 square feet at the 80,000-square-foot shopping center, according to Levin Management, the property’s managing and leasing agent.
Levin’s leasing representative Gloria Mercado negotiated the transaction.
“Dunkin’ Donuts is one of the world’s leading brands, and a favorite among New Jersey residents,” said Mercado. “Three separate Dunkin’ Donuts operators were vying for this particular space, which is a real testament to Clifton Plaza’s standing as a highly sought-after retail destination. Dunkin’ Donuts will be a phenomenal addition to our existing tenancy, and a wonderful amenity for both Clifton Plaza’s visitors as well as those who live and work in the community.”
Headquartered in Canton, Mass., Dunkin’ Donuts' offerings include hot and iced coffee, hot and iced tea, lattes, Dunkin’ Donuts K-Cup Packs, Coolatta frozen drinks, doughnuts, muffins, bagels, breakfast and bakery sandwiches, and a DDSMART menu featuring better-for-you menu items. Dunkin’ Donuts sells more than 1.8 billion cups of hot and iced coffee globally each year. The company operates nearly 11,000 restaurants in 33 countries worldwide.
Co-anchored by a 24,000-square-foot Big Lots and 14,000-square-foot Dollar Tree, Clifton Plaza’s exceptional lineup of national and regional tenants includes GameStop, Radio Shack, Angel Tip Nails & Spa, Bruno’s Pizza, Sally Beauty Supply and Valley National Bank. In addition, Blink Fitness has leased 15,000 square feet of newly constructed space, and will be opening later this year. Conveniently situated on Route 46/Van Houten Avenue in a highly visible location, the center serves a growing residential population of more than 619,000 people within a five-mile radius. The marketplace offers an average household income of more than $79,800 and the daily traffic count exceeds 70,000 vehicles.
Prime retail space remains available at Clifton Plaza ranging from 1,532 to 16,000 square feet.
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.