6,000-Square-Foot Lease Expands Tenant Roster at Levin-Managed Center
EWING, N.J., April 16, 2014 - Giant Wine & Liquor, LLC, dba Buy Rite Liquor has leased 6,000 square feet at Capitol Plaza in Ewing, N.J., becoming the latest tenant to join the diverse lineup of retailers at this premier Mercer County shopping destination. The announcement was made by Levin Management, exclusive leasing and managing agent for the 360,000-square-foot center. evin's leasing representative Gloria Mercado negotiated the long-term lease.
Capitol Plaza continues to attract a well-rounded mix of retailers, restaurants and service tenants, according to Mercado. "The long list of well-established tenants who have chosen to locate, stay and grow their business at Capitol Plaza is a testament to its appeal," she said. "The center's outstanding demographics and high visibility were among the factors that attracted Buy Rite Liquor, and we expect this tenant to enjoy great success here."
Located on the heavily traveled North Olden Avenue at the junction of Route 206 (Princeton Avenue), Capitol Plaza serves a growing residential population of more than 237,000 people within a five-mile radius. The marketplace offers an average household income of more than $83,000 and a daily traffic count of 58,000 vehicles.
Buy Rite Liquor complements a diverse tenant mix that includes Forman Mills, Marshalls, dd's Discounts, Save-A-Lot supermarket, American Furniture, Planet Fitness, Dollar Tree, 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. Capitol Plaza also is home to 1001 Spruce Office Center, as well as Jersey College.
Levin is one of the nation's leading retail real estate services firms, with a strong focus in the northeastern United States and an owner's approach to the business. The firm's portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services 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.
With headquarters in North Plainfield, N.J., 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. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.
Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation's top property managers by Commercial Property Executive magazine, placed among the nation's top 10 redevelopers by Chain Store Age, credited as one of the state's top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ's Top Property Management Companies list and fifth on NJBIZ's Top Commercial Real Estate Developers list.