Positioning Retail Real Estate for a New Generation

January 3, 2017

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Levin Management Announces Popeyes Lease in Jersey City

Quick-Service Chicken Concept to Occupy 2,000 SF at Twin City Shopping Center

JERSEY CITY, N.J., Jan. 3, 2017 – A Popeyes Louisiana Kitchen franchisee has leased 2,000 square feet at Twin City Shopping Center in Jersey City, becoming the latest dining tenant to join the retail mix at this Hudson County shopping destination. Levin Management Corporation (LMC), exclusive leasing and managing agent for the 94,000-square-foot, grocery-anchored property, orchestrated the long-term lease.

“Quick-service and fast-casual restaurants are increasingly popular with today’s consumers,” said E.J. Moawad, LMC’s leasing representative for Twin City Shopping Center. “The addition of a nationally recognized brand like Popeyes adds an exciting new dining element to this property. Retailers are attracted to Twin City Shopping Center’s central location, outstanding daytime and residential demographics, and excellent daily consumer traffic. We expect this tenant to enjoy great success here.”

Founded in 1972, Popeyes is a leader in the New Orleans segment of the food service industry and is the world's second-largest quick-service chicken concept based on number of units. The chain’s menu features spicy chicken, chicken tenders, sandwiches, fried shrimp and other seafood, as well as signature sides such as Cajun fries, jambalaya, red beans and rice, and buttermilk biscuits.

Popeyes joins a tenant mix that includes Aqui Market, a new Retro Fitness, Everything $.99, Wendy’s and Dunkin Donuts, along with a host of typical neighborhood conveniences. LMC is marketing additional available space at Twin City Shopping Center.

Twin City Shopping Center is well located at the Jersey City/Bayonne border on Garfield Avenue and West 55th Street, just off Exit 14A of the New Jersey Turnpike. It serves a growing residential population of more than 183,000 people within a three-mile radius. Approximately 35,000 vehicles pass the property each day, and nearby development – including new Walgreens and TD Bank locations – is enhancing the neighborhood’s retail profile.

For more than six decades, LMC has been a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value. LMC 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. Levin’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

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