Positioning Retail Real Estate for a New Generation

May 5, 2016

  • Posted on:  Friday, 06 May 2016 14:42
  • Written by 
Rate this item
(0 votes)

Smoker’s Express Joins Tenant Mix at Centre Plaza in Bensalem, Pa.

Tobacco Products Retailer Leases 1,700 Square Feet at Levin-Managed Center

BENSALEM, Pa., May 5, 2016 – Smoker's Express is the latest tenant to join the retail mix at Centre Plaza in Bensalem. The full-service tobacco shop leased 1,700 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.

Smoker's Express is a smoke shop offering a wide selection of smoking products and accessories. “Centre Plaza is a very service-oriented shopping center, making Smoker’s Express an excellent fit with our existing co-tenancy,” said Korris.

Centre Plaza’s retailers, restaurants and tenants include Brady’s Irish Pub, New Medical Management, Domino’s Pizza, LabCorp, MGM Financial Strategies Inc., First Federal Savings & Loan, A&S Bagels and Tako Japanese Restaurant. The center 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 $72,000, and the daily traffic count is about 27,000 vehicles.

Prime retail space remains available at Centre Plaza ranging from 1,700 to 3,400 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 more than six decades, Levin Management Corporation has been a trusted single-source commercial real estate services provider for institutional and private owners. Levin today maintains a diversified, retail-focused portfolio of approximately 95 properties totaling 13 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing. The company specializes in repositioning, retenanting and renovating real estate – areas that have become particularly vital in an increasingly competitive market. Levin’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 2591 times Last modified on Friday, 06 May 2016 16:05