Levin Launches New Strategic Leasing Program at Bradford Plaza, West Chester
Levin’s well-established foothold in the affluent Philadelphia suburbs is in expansion mode. The latest addition to our retail property management portfolio in this desirable geographic area of the Northeast is Bradford Plaza, a 161,000-square-foot, grocery-anchored shopping center located at 700 Downingtown Pike in West Chester, Pa.
A Prime Commercial Real Estate Property in a Prime Location
Anchored by Giant Foods, the leading grocer in suburban Chester County, Bradford Plaza is home to national tenants such as Petco, Dollar Tree and Walgreens, and also includes a Giant Fuel Station, a Pennsylvania Wine and Spirits store, as well as a diverse mix of popular local retailers. Levin is currently marketing several vacancies in the center ranging from 1,750 to 7,900 square feet, including a pad site.
With its strong demographic profile – average household income is $115,000-plus – West Chester is a prime commercial retail real estate location. And Bradford Plaza is a prime property, a well-maintained, well-positioned retail destination, with potential for even greater growth. Located at the busy intersection of Downingtown Pike (Route 322) and West Strasburg Road (Route 162), this shopping center enjoys a daily traffic count in excess of 20,000 vehicles. The surrounding area is populous, with over 100,000 people living within a five-mile radius of Bradford Plaza.
New Strategic Management and Leasing Program Ahead for Bradford Plaza
Levin is no stranger to the greater Philadelphia retail real estate market. Our other regional retail leasing and management assignments include ShopRite-anchored Morrell Plaza in Northeast Philadelphia; and The Shops at Blue Bell in Blue Bell, also anchored by Giant Foods. Our regional reputation and our on-the-ground market knowledge contributed to our winning the Bradford assignment. Also critical to our success here was our institutional-level management capabilities in retail real estate, which focus on maximizing asset values through operational efficiency, maintaining strong curb appeal and creating the ideal tenant mix for all of the properties in our portfolio.
We are excited with our latest assignment and look forward to the upcoming management transition at this desirable West Chester property. It provides us an opportunity to execute a strategic management and leasing program that will draw key tenants and increase both occupancy, traffic and continued success at Bradford Plaza.
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