Positioning Retail Real Estate for a New Generation

May 12, 2016

  • Posted on:  Thursday, 12 May 2016 19:34
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Le Peep Restaurant Coming to Levin-Managed Capitol Plaza in Ewing, N.J.

Fast-Casual Breakfast/Lunch Chain Leases 2,700 Square Feet

EWING, N.J., May 12, 2016 – Breakfast and lunch restaurant chain Le Peep will soon join the tenant mix at Capitol Plaza in Ewing. The Colorado-based fast-casual chain has leased 2,700 square feet at this key Mercer County shopping destination, according to Levin Management, exclusive leasing and managing agent for the 360,000-square-foot center.

Levin’s leasing representative Gloria Mercado negotiated the long-term lease.

Capitol Plaza represents the second New Jersey Le Peep location for this operator, according to Mercado. The original opened in Edison. “Le Peep has a very strong following at its Edison location, and this restaurant operator felt the timing was right to expand their market presence,” said Mercado. “Capitol Plaza’s strong demographics, along with excellent visibility and access, made it the ideal choice.”

Capitol Plaza is home to 1001 Spruce Office Center, as well as the newly expanded Jersey College, giving Le Peep “a built-in clientele,” added Mercado. “Fast-casual restaurants that offer breakfast options always are sought-after by consumers. With its varied and affordable menu, we expect Le Peep to complement our co-tenancy and do very well at Capitol Plaza.”

Serving breakfast, brunch and lunch, Le Peep offers generous portions of high-quality menu items at a reasonable price point. The chain’s menu offers a wide selection of eggs and omelets along with pancakes; French toast; waffles; crepes; side orders including sausage, ham, bacon and potatoes, among others; and fresh sandwiches and salads. Founded in Denver, Le Peep has expanded to more than 50 locations in 14 states.

Located on the heavily traveled North Olden Avenue at the junction of Route 206 (Princeton Avenue), Capitol Plaza serves a growing residential population of 250,000 people within a five-mile radius. The marketplace offers an average household income of almost $80,000 and a daily traffic count of 51,000 vehicles.

Le Peep complements a diverse tenant mix that includes Forman Mills, Marshalls, Deals, dd's Discounts, Save-A-Lot supermarket, American Furniture, Planet Fitness, Victorian Beauty Supply, Harbor Freight Tools, Ashley Stewart, GNC, the U.S. Armed Forces Career Center, Foot Locker and Kicks USA, along with numerous service and restaurant tenants.

Available retail spaces range from 2,200 square feet to 9,600 square feet at Capitol Plaza.

Levin today maintains a diversified, retail-focused portfolio of approximately 95 properties totaling 13 million square feet. 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 Thursday, 12 May 2016 20:27