Positioning Retail Real Estate for a New Generation

August 2, 2018

  • Posted on:  Tuesday, 07 August 2018 20:59
  • Written by 
Rate this item
(0 votes)

Levin Adds Middlesex County Retail Assignment to Garden State Portfolio

Commercial Real Estate Services Firm to Manage Oak Tree Center in Edison, N.J.

EDISON, N.J., Aug. 2, 2018 – Levin Management Corporation (LMC) has added Oak Tree Center in Edison to its Garden State retail property portfolio. This new management assignment rounds out a busy business development period for LMC, according to Robert Carson, LMC’s executive vice-president; the North Plainfield-based commercial real estate services firm this summer has secured several new leasing and management agencies.

Situated in the heart of Middlesex County, Oak Tree Center is a fully leased, 189,000-square-foot community shopping center with more than 30 tenants including a 25,000-square-foot India Grocers store, the largest Indian grocery in New Jersey. Oak Tree Center also includes an 8K Cinemas eight-screen movie theater, Mirage banquet center, Chili’s restaurant, Wells Fargo bank, and a mix of retailers and service providers.

LMC is focused on maximizing efficiencies at Oak Tree Center while maintaining the property’s strong curb appeal, said Carson. “This new assignment is particularly gratifying because it represents an expanded client relationship,” he said, noting that LMC manages another New Jersey shopping center on behalf of the same owner. “We pride ourselves on managing properties to a high standard and institutional level, and this assignment demonstrates how Levin continues to expand its business by taking care of clients and their real estate assets.”

For more than 65 years, LMC has served as 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; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in every facet of its business.

LMC today maintains a diversified, retail-focused portfolio of approximately 100 properties totaling 14 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services. The company specializes in repositioning, retenanting and renovating real estate – areas that have become particularly vital in an increasingly competitive market. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 585 times Last modified on Thursday, 09 August 2018 15:08