Positioning Retail Real Estate for a New Generation

January 29, 2015

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January 29, 2015

Panera Bread and Sally Beauty Supply will occupy a combined 6,400+ square feet at Post Road Plaza in Pelham Manor, N.Y.

“With its targeted collection of retail, restaurant and service providers in one convenient shopping environment, Post Road Plaza is a tremendous amenity to the greater Westchester County area.” –Jordan Korris, Levin Management

PELHAM MANOR, N.Y., Jan. 28, 2015 - Two new tenants have signed leases totaling more than 6,400 square feet at Post Road Plaza in Pelham Manor, N.Y., announced Levin Management, exclusive leasing and managing agent for the 267,000-square-foot retail property. Post Road Plaza's newest additions include fast-casual restaurant Panera Bread (4,500 square-feet) and international beauty supply chain Sally Beauty Supply (1,970 square-feet).

Levin's leasing representative Jordan Korris negotiated the long-term leases. Jason Wuchiski and Tyler Lyman of RHYS represented Panera Bread, and Greg Batista of Sabre Real Estate Group LLC represented Sally Beauty Supply in the transactions.

"We continue to expand and diversify the tenant mix at Post Road Plaza," said Korris.  "With its targeted collection of retail, restaurant and service providers in one convenient shopping environment, Post Road Plaza is a tremendous amenity to the greater Westchester County area. Both Panera Bread and Sally Beauty Supply are wonderful new additions that we are confident will attract even more shoppers to the center."

Anchored by a 75,000-square-foot Fairway Market, Post Road Plaza's diverse lineup of tenants includes Dave & Busters (coming soon), HomeGoods, Modell's, Dress Barn, GNC, Lane Bryant, Hallmark, Citibank, Marshalls Shoes and Smashburger. Located at the junction of U.S. 1, Pelham Parkway and the Hutchinson River Parkway, Post Road Plaza serves a growing residential population of nearly 411,500 people within a three-mile radius. The marketplace offers an average household income of more than $90,000 within a one-mile radius of the property.

Remaining availabilities at Post Road Plaza include 3,000-square-foot and 16,088-square-foot ground-level units, and a 32,760-square-foot, upper-level retail space.

Levin is one of the nation's leading retail real estate services firms, with a strong focus in the northeastern United States and an owner's approach to the business. The firm's portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services include leasing, property management, accounting, construction management and marketing. Levin specializes in repositioning, retenanting and renovating retail properties - areas that have become particularly vital for today's institutional and individual property owners.

With headquarters in North Plainfield, New Jersey, Levin serves properties ranging from neighborhood, community, lifestyle and power centers, to enclosed malls, street retail, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.

Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation's top property managers by Commercial Property Executive magazine, placed among the nation's top 10 redevelopers by Chain Store Age, credited as one of the state's top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ's Top Property Management Companies list and seventh on NJBIZ's Top Commercial Real Estate Developers list.       

Read 8996 times Last modified on Thursday, 12 February 2015 21:40