Firm Expands Northeast Portfolio with Philadelphia and Long Island Properties
PHILADELPHIA, Pa., and HICKSVILLE, N.Y., Nov. 23, 2015 – Retail real estate services firm Levin Management of North Plainfield, N.J., has added two shopping centers – on behalf of two new clients – to its portfolio. The assignments total more than 250,000 square feet in Pennsylvania and New York.
In Northeast Philadelphia, Levin has been named exclusive managing and leasing agent for Rising Sun Plaza, a 244,000-square-foot property located at 5675 Rising Sun Ave. Anchored by Rose’s Discount Store, Farmer's Best Supermarket and Planet Fitness, the shopping center also offers a diverse mix of food tenants and service providers.
“This is a well-occupied center in an excellent location,” said Joseph Lowry, Levin’s vice president of acquisitions and business development. “Our goal is improve the appearance and maintenance of the center and tenancy to meet the neighborhood’s evolving needs.”
In Hicksville, Levin was selected as managing agent for Old Bridge Plaza, an 11,300-square-foot strip center located on West Old Country Road. The Long Island property’s four-tenant lineup includes Advance Auto Parts, Starbucks, Verizon and Smashburger. Levin’s efforts there will focus on enhancing the center’s operation. “We are confident that our sophisticated financial and property reporting capabilities, combined with some new and enhanced programs to maximize efficiency, will directly impact this center’s profitability,” said Lowry.
These assignments stem from a targeted effort to expand Levin’s management and leasing portfolio throughout the Northeast retail marketplace. “We are pleased to have been selected for these key assignments, and look forward to utilizing our expertise in all aspects of property operations to benefit these new clients and their properties,” concluded Lowry.
Levin maintains a growing leasing and management portfolio that encompasses approximately 95 properties and more than 13 million square feet – including multiple shopping centers in the Philadelphia and Long Island markets. The firm has been awarded a number of significant new leasing and management assignments in 2015, including properties in Bordentown, Hackensack and Whiting, N.J.
In business for more than six decades, Levin is one of the nation's leading retail real estate services firms. The company has consistently grown its portfolio and internal resources, responding to a variety of retail and economic climates. The firm’s services today 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. 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.