Positioning Retail Real Estate for a New Generation

July 23, 2015

  • Posted on:  Monday, 27 July 2015 14:32
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Dollar Tree Now Open at Warren Plaza in Washington, N.J.

National Discount Variety Store Occupies 9,300 Square Feet at Levin-Managed Shopping Center

WASHINGTON, N.J., July 23, 2015 – Dollar Tree, North America’s leading operator of discount variety stores, recently celebrated its grand opening at Warren Plaza in Washington, N.J., announced Levin Management, the property’s exclusive leasing and managing agent. The retailer occupies 9,300 square feet of space at the 61,000-square-foot Warren County shopping center.

Levin’s Leasing Representative Jordan Korris negotiated the long-term lease. Danielle Brunelli-Albrecht of R.J. Brunelli & Co LLC served as the tenant’s broker in the transaction.

“We are pleased to welcome Dollar Tree to Warren Plaza,” said Korris. “Shoppers to this retailer’s newest Garden State location can expect a wide assortment of merchandise at great prices. Dollar Tree is a wonderful new addition to Warren Plaza, and undoubtedly will broaden the property’s appeal to those who live and work in the community.”

Headquartered in Chesapeake, Va., Dollar Tree operates thousands of stores across 48 states and five Canadian provinces. Each location’s mix of merchandise includes housewares, glassware, dinnerware, cleaning supplies, candy, snacks, food, health and beauty items, toys, gifts, gift bags and wrap, party supplies, stationery, craft and teaching supplies, books, seasonal décor, and more.

Levin built an expanded façade for the new Dollar Tree store’s signage and recently updated Warren Plaza’s pylon signage. Warren Plaza serves a growing residential population, and its trade area offers an average household income of more than $93,000. The property is home to a New Jersey state agency office, while nearby national and regional retailers include ShopRite, Verizon Wireless, Advance Auto Parts, Dunkin’ Donuts and Tractor Supply Co.

Headquartered in North Plainfield, N.J., Levin Management 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 offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet, including leasing, property management, accounting, construction management and marketing. 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.

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