Recently Renovated Hamilton Plaza Reaches Full Occupancy

Hamilton Plz  Hamilton, NJ Levin Properties
America’s Best Contacts and Eyeglasses Inks Lease for 4,500 Square Feet

Levin-managed Hamilton Plaza (Hamilton Township, N.J.) has notched a major milestone in commercial retail leasing, achieving 100 percent occupancy with the lease of America’s Best Contacts and Eyeglasses. Currently in an aggressive expansion mode, the 350-store chain of discount eyewear and eye care stores, was attracted to Hamilton Plaza’s access to a growing and affluent residential population in Mercer County. Located at the intersection of Route 33 and White Horse-Hamilton Square Road, the 175,000-square-foot shopping center boasts an average daily traffic count of 47,000 vehicles. The population within a five-mile radius of this prime retail real estate site is 177,000, with an average household income of $87,000.

A Mix of Top Retail Real Estate Tenants Creates a Shopping Destination
In addition to its high-traffic location and expanding population, Hamilton Plaza offered this latest tenant a strong position among a diverse mix of popular national retailers, services and restaurants. America’s Best Contacts and Eyeglasses will join A.C. Moore, Sleepy’s, Petco, Dollar Tree, Hallmark, Radio Shack, Let’s YO!, Moe’s Southwest Grill, Texas Roadhouse, and other leading brand names that make up the retail line-up at Hamilton Plaza. The shopping center is anchored by an 80,000-square-foot ShopRite.

A Multi-Million Dollar Renovation, a Premier Property Management Team
We have worked hard to make Hamilton Plaza one of the top retail destinations in Mercer County, undertaking a mega renovation that transformed this property into a fully modernized shopping center. Our experts in property management services and construction management oversaw the replacement of building façades and outdated pylon signs, reconfiguration of the parking lots, new landscaping and the addition of two new pad sites and a 10,000-square-foot end cap. Hamilton Plaza has the potential for further expansion, thanks to a 3,075-square-foot proposed pad site, which has been approved for drive-thru.

Look for news and observations from Levin executives in upcoming posts here at Retail Property InSites. Please join us and share your comments about our posts or about your own management experiences and challenges in retail real estate.

Levin Property Managers Name Their Favorite Tech Tools

Tablets, Numbers App and Paperless Invoicing Lead the List for Efficient Real Estate Property Management

Recently Levin asked the Property Managers of our 95 retail real estate sites how technology has made them more efficient. Which tools are indispensable in delivering top quality property management services? How has tech helped them cut costs and save time? We’d like to share the responses with you. First, we’ll look at the four tech products that make our managers’ jobs easier and second, we’ll see what tech innovations are making Levin’s retail properties operate more efficiently.

iPads, Tablets are Indispensable to Real Estate Property Management Today
It’s not always the latest piece of tech innovation that makes the list of favorites. Our Property Managers named iPads and other brands of tablets as the must-have, on-the-job product. First released to the market four years ago (with several updates), these portable computers mean in-the-field reporting can happen quickly and easily. No more taking notes, returning to the office to write them up, and then circulating them. Tablets cut steps and save time.

File Sharing is a Favorite of Levin Property Managers
Dropbox and iCloud, tech tools that allow access to files by multiple parties, are also clear winners among our managers in the field. A recent fire at one of Levin’s properties demonstrated the value of Dropbox. The Property Manager took pictures of the damaged areas with his iPad, then loaded the pictures directly into Dropbox for review by the property owners, their insurance company and any other relevant parties. File storage in iCloud serves a similar purpose, especially among our internal Levin staff.

Spreadsheets Straight from the Field with the Numbers App
Apple’s Numbers app, which works on both iOS and Android platforms, helps our managers create spreadsheets and charts right on their tablets. Easier to use than Excel in a field situation, Numbers has become an essential part of every manager’s tech toolkit.

Paperless Invoicing Means More Efficient Real Estate Property Management
AvidXchange, web-based software for end-to-end invoicing, has streamlined our managers’ accounts payable processing. Everything from the original vendor statement up to its payment is paper free. Processing time, including review and approval, is cut drastically, and the status can be checked on the computer from anywhere. And AvidXchange is fully integrated with Levin’s accounting system. What’s not to like?

Technology is not only making our Property Managers’ lives easier, it’s also helping them run our Levin-managed sites with greater efficiency and lower operating costs. What tech trends are you seeing in Retail Property Management? Please share your comments with us here on Retail Property InSites.

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About Robert Carson:
Executive VP Robert Carson, CSM, oversees coordination for Levin’s client properties and is instrumental in transitioning new management assignments to the Levin team. He plays a key role in the firm’s day-to-day operations, and, as an environmental issues expert, he oversees management of issues such as asbestos in older buildings and specialized tenant uses, like dry cleaning. Carson joined Levin in 1992 as Director of Property Management after serving as General Manager for retail properties owned by Hartz Mountain Industries. Prior to that, he managed an enclosed mall for the DeBartolo Corporation. Carson began his career as a buyer for Gimbels Department Stores. He received a bachelor’s degree in Economics from Indiana University of Pennsylvania and is an ICSC-Certified Shopping Center Manager (CSM).

Summertime and Retail Real Estate is Heating Up

Levin Welcomes Five New Tenants

Brisk activity continues in retail commercial real estate as we settle into Summer 2014. Levin-managed properties in high-growth communities in New Jersey and revived areas on Long Island have landed long-term leases with five retail businesses, assuring our continued leadership position among retail leasing companies in the Northeast.

dd’s Discounts Opens First Store in the Garden State
dd’s Discounts has joined the mix of retailers, restaurants and services at Capitol Plaza in Ewing, N.J. A nationwide chain, the in-season apparel and home fashions merchandiser is the first of this Ross Stores’ division to open in New Jersey. An aggressive discounter, dd’s Discounts enjoys a strong following among shoppers in the Northeast region. Ross Stores, which is on track to open 20 new dd’s Discounts this year, was attracted by Capitol Plaza’s heavily trafficked location and solid marketplace demographics. The new store will occupy 20,000 square feet.

Located on busy Olden Avenue at Route 26 in Ewing, Capitol Plaza tenants include Forman Mills, Marshall’s, Save-A-Lot Supermarket, American Furniture, Planet Fitness, Footlocker, GNC, and the newly expanded Jersey College, now occupying 30,500 square feet. Over 247,000 people, with an average HH income of $77,000, reside within the five-mile radius of the shopping center, providing a daily traffic count of 51,000 vehicles.

Bayshore Plaza in Barnegat Now 100 Percent Occupied
Levin-managed Bayshore Plaza reached the retail real estate leasing milestone of full occupancy with new tenants Luigi’s Ristorante and Brick Oven Pizza and Greensleeves Boutique. Luigi’s will occupy 2,400 square feet of space and Greensleeves Boutique, 4,200 in the 59,000-square-foot shopping center. Current tenants include McDonald’s, AT&T Wireless, Hollywood Tans, Hudson City Savings Bank and anchor Big Lots.

Luigi Viterbo and his partners were drawn to the strong growth in affluent households in the Barnegat area, as well as to Bayshore Plaza’s location on busy Route 9. Population within five miles of the shopping center is 50,000 with average HH income at $84,000.

Similar interest in location and marketplace demographics led Allies, Inc. of Hamilton, N.J., to choose Bayshore Plaza for the site of their fourth Greensleeves Boutique. The non-profit organization’s stores, all of whose proceeds benefit people with disabilities, offer gently worn fashions, vintage wear and “upcycled” art and home decor. The staff includes persons with disabilities, who receive training and education at each site.

Revival of Patchogue, N.Y. Sparks Surge in Retail Leasing
Patchogue, a 2.2 square mile village of 160,000 in Suffolk County Long Island’s South Shore, is in the midst of a transformation and our Levin-managed shopping center at 35-71 Ocean Avenue is benefitting with two new leases. Driven by New Village, a $100-million mixed-use development, which will offer 291 apartment units, Patchogue is on its way to becoming a dining, arts and entertainment hub. Levin’s shopping center is just a half-block from the site of New Village, which is now under construction.

New tenants at our recently renovated 23,000-square-foot retail center, who are ready to capitalize on the positive changes in the area, are 360 Taiko Sushi & Lounge and Jeans Fashion. 360 Taiko Sushi & Lounge will occupy 4,900 square feet of space offering Pan-Asian cuisine. Jeans Fashion has leased 2,500 square feet.

Look for news and observations from Levin Management and its executives in upcoming posts here at Retail Property InSites. Please join us and share your comments about our posts or about your own management experiences, observations and challenges in retail real estate.

Levin Reaches Major Milestone in Retail Leasing on NJ’s Gold Coast


Retail Component of Premier Lifestyle Community is Now Fully Leased

Levin Management is celebrating a major milestone on New Jersey’s Gold Coast. The 100,000-square-foot retail component of Edgewater Harbor, a premier mixed-use waterfront redevelopment on River Road in Edgewater, is now fully leased and open for business. Levin is the exclusive marketing and retail leasing agent for the property. We credit our ground-up development history and expertise, unique among retail leasing and management companies, with the successful conclusion of the first phase of this high-profile project.

Edgewater Harbor Redevelopment Transforms the Hudson River Shoreline

A project of National RE/sources, Edgewater Harbor sits on the 21-acre former Unilever R&D campus, providing Hudson River views and a coveted Gold Coast address. The property’s retail real estate component is comprised of ground-level retail space along the project’s Main Street, as well as free-standing pads. Phase I of the redevelopment of this lifestyle community also includes 495 high-end loft and apartment residences, a 1,900-foot river walk along the Hudson and the borough of Edgewater’s new municipal building. Phase II of the project is now under way and includes up to 7,500 square feet of restaurant space and two pad sites, which Levin will market and lease, and a hotel.

In record time, Edgewater Harbor is transforming the Hudson River shoreline into one of the area’s leading shopping and dining destinations. From a tenant’s perspective, we believe, its demographics, aesthetics, visibility and access create a perfect retail leasing scenario. As a result of this winning combination of factors, we were able to attract a diverse tenant mix that supports the mixed-use nature of the community, while establishing a retail environment where consumers from throughout the region will want to shop.

Gold Coast Address Drives Commercial Retail Leasing at Edgewater Harbor

Edgewater Harbor’s retail component serves a population of more than 2.1 million people within a five-mile radius. Some 896,000 of the households within that same radius boast an average income topping $107,000. The daily traffic count exceeds 43,000 vehicles. The property’s enviable location, equidistant from the George Washington Bridge and the Lincoln Tunnel, makes it an easily accessible destination for shoppers from both upscale New Jersey communities and the affluent environs of Manhattan’s West Side.

Anchored by a 24,000-square-foot HomeGoods, Levin’s leasing transactions to date at Edgewater Harbor include CVS/pharmacy, Haven Riverfront Restaurant & Bar, Moe’s Southwest Grill, Beach Bum Tanning, Great Clips, Floris Nails & Spa, European Wax Center, Sotheby’s Real Estate, Five Guys Burgers and Fries, Pampered Pregnancy Boutique, Edgewater Eyecare, Dunkin Donuts and Touch of Elegance.

Look for news and observations from Levin Management executives in upcoming posts here at Retail Property InSites. Please join us and share your comments about our posts or about your own management experiences in retail real estate.

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About Jake Frantzman:
Jake Frantzman is responsible for more than 1.6 million square feet of gross leasable area throughout Levin’s extensive management and leasing portfolio, including Somerset Shopping Center in Bridgewater, N.J., Paramus Place in Paramus, N.J. and Stafford Park Shopping Center in Manahawkin, N.J. In addition, Frantzman serves as leasing agent for the retail component of Edgewater Harbor. Frantzman obtained his real estate license at the age of 18. He is a member of the International Council of Shopping Centers (ICSC), as well as ICSC’s “Next Generation” program, designed for real estate professionals who are seeking to develop their careers and build relationships in the shopping center industry. In addition, in 2013 he earned ICSC’s Certified Leasing Specialist (CLS) designation, reflecting the high standards and expertise required to be a successful shopping center professional.