Positioning Retail Real Estate for a New Generation

August 8, 2017

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Levin Arranges 14,000-Square-Foot Lease with Kidz Village

Indoor Play Center Will Open Third Area Location at Jersey City Retail Center

JERSEY CITY, N.J., Aug. 8, 2017 – Commercial real estate services firm Levin Management Corporation (LMC) has arranged a 14,000-square-foot lease with Kidz Village at Twin City Shopping Center in Jersey City. The new location will mark the brand’s third indoor play center in New Jersey.

LMC serves as exclusive leasing and managing agent for the 94,000-square-foot, grocery-anchored Twin City Shopping Center. The firm’s E.J. Moawad, leasing representative, negotiated the transaction; Augie Caruso of Jeffery Realty served as tenant broker.

Kidz Village is an indoor playground and kids’ fun center for youngsters ages 10 and under. The new Hudson County location will join existing Kidz Village facilities in Kenilworth and Woodbridge, according to Moawad. Filled with creative theme rooms where children can pretend to work and play, Kidz Village includes a multi-level indoor playground, ball-launching castle, arcade and restaurant. Open daily, Kidz Village also hosts birthday parties and school/community events.

“Kidz Village is a family-centric concept that represents an exciting new element for Twin City Shopping Center,” said Moawad, who noted the property’s excellent visibility in a dynamic submarket was key in securing the commitment. “This entertainment-oriented destination will be an excellent draw for the property and a wonderful community amenity for families with youngsters.”

Kidz Village joins a tenant mix including Aqui Market, Retro Fitness, Everything $.99, Wendy’s, Popeye’s Chicken (opening soon) and Dunkin Donuts, along with a host of typical neighborhood conveniences. LMC is marketing additional available space at Twin City Shopping Center ranging from 1,400 square feet to 8,350 square feet.

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 186,000 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 65 years, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. 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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