Positioning Retail Real Estate for a New Generation

July 27, 2017

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Levin Named Managing Agent for The Plaza at Harmon Meadow in Secaucus, N.J.

Firm Expands Garden State Portfolio with Hudson County Assignment

SECAUCUS, N.J., July 27, 2017 – Commercial real estate services firm Levin Management Corporation (LMC) has been named managing agent for The Plaza at Harmon Meadow in Secaucus. Carlton Strategic Ventures and New Valley Realty jointly own the 192,000-square-foot, open air mixed-use property, located in the desirable Meadowlands submarket.

Situated at 650 and 700 Plaza Drive within the larger Harmon Meadow development, The Plaza serves as home to a diverse mix of retail, service and office tenants including a Kerasotes ShowPlace 14 Theater complex, Pier 1 Imports, Chipotle, Starbucks, Cheeseburger in Paradise, Houlihan’s, Red Lobster, Cosi, Cups Frozen Yogurt and GNC, among others.

“We are pleased to have Levin on board as managing agent for The Plaza at Harmon Meadow,” said Howard L. Michaels, chairman of Carlton Strategic Ventures. “The firm’s depth of knowledge and experience in this submarket, combined with its integrated platform of service offerings, will be instrumental in maximizing the shopping center’s efficiency and appeal for years to come.”

The LMC team is overseeing day-to-day operations at The Plaza, with a focus on revitalizing the project, according to Robert Carson, LMC’s executive vice president. “The Plaza at Harmon Meadow is a highly visible property in the center of a vibrant mixed-use development,” he said. “Our initial focus here will be to renovate common areas and maximize overall curb appeal. We will also be completing several large-scale capital projects already started by our client, including a parking deck refurbishment and a courtyard renovation.”

LMC’s fully integrated approach and expertise in managing design/construction projects from start to finish provided the firm with an advantage in winning The Plaza at Harmon Meadow assignment, according to Carson. “Ownership wanted a firm with a strong local presence, and valued the fact that LMC’s full range of services are coordinated in-house from one location,” he said. “They also appreciate the expertise and range of tenant coordination services our construction management group brings to our assignments.

“The Plaza at Harmon Meadow is an exciting addition to our portfolio, and we look forward to further strengthening this asset’s position as one of New Jersey’s premier shopping and dining destinations,” Carson added. The property, which also includes a small office component, offers immediate access to the New Jersey Turnpike and Route 3, just minutes from routes 17 and 46, I-80, the George Washington Bridge and the Lincoln Tunnel.

The Plaza at Harmon Meadow is the latest in a growing number of significant new assignments for LMC. The firm recently was awarded leasing and/or management agencies in New Jersey’s Delran, Freehold, Hackettstown and Madison, as well as in Westbrook, Conn. LMC also was retained to continue its role following ownership changes at properties in Flemington, N.J., and Pottsville, Pa.

For 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 all its activities. The company specializes in repositioning, retenanting and renovating real estate – areas that have become particularly vital in an increasingly competitive market.

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, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’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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