Positioning Retail Real Estate for a New Generation

June 1, 2016

  • Posted on:  Tuesday, 07 June 2016 17:11
  • Written by 
Rate this item
(0 votes)

Longhorn Steakhouse Now Open, Chipotle Soon to Follow at Crossroads Place in Falls Church, Va.

New Restaurants Celebrate Spring Grand Openings at Levin-Managed Center

FALLS CHURCH, Va., June 1, 2016 – National restaurant chain Longhorn Steakhouse recently celebrated its grand opening at Crossroads Place in Falls Church, with Chipotle Mexican Grill soon to follow in mid-June. Levin Management, based in North Plainfield, N.J., serves as exclusive leasing and managing agent for the 339,000-square-foot shopping center.

“Serving high-quality menu items at an affordable price point, casual and fast-casual restaurant segments are thriving in key markets across the United States,” said Jordan Korris, Levin’s leasing representative for Crossroads Place. “Longhorn Steakhouse and Chipotle bring exciting new dining options to Crossroads Place, providing additional lunch and dinner choices for the center’s shoppers as well as those who live and work in the community.”

Located at the heavily traveled intersection of Leesburg Pike and South Jefferson, Crossroads Place serves a growing residential population of more than 590,000 people and a daytime population of nearly 350,000 within a five-mile radius. The marketplace offers an average household income of more than $122,000, and the daily traffic count is about 60,600 vehicles per day.

Anchored by a Giant food store, T.J.Maxx, HomeGoods, Cost Plus World Market and Burlington Coat Factory, Crossroads Place features a mix of more than 20 regional and national tenants including Mattress Warehouse, Advance Auto, Foot Locker, Office Depot, Snips Etc., Olive Garden, CiCi’s Pizza, Einstein Bagels, PNC Bank and Starbucks.

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.

Read 1549 times Last modified on Tuesday, 07 June 2016 17:22