Positioning Retail Real Estate for a New Generation

March 14, 2016

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Levin Expands Essex County Portfolio with New Shopping Center Assignment

Company Named Property Management Firm for Essex Green, West Orange, N.J.

WEST ORANGE, N.J., Mar. 14, 2016 – Retail real estate services organization Levin Management has been named property management firm for Essex Green, a 351,000-square-foot, grocery-anchored shopping center located at 495 Prospect Ave. in West Orange. The assignment represents the expansion of Levin's Essex County retail portfolio, and underscores the strength of the company’s client relationships, according to Robert Carson, Levin’s executive vice president.

“The addition of Essex Green is significant for us because the shopping center’s new owner is a long-time Levin client,” said Carson. “We are delighted that the company’s principals recognize our capabilities and expertise in the delivery of property management services. This assignment is another example of how our ability to consistently meet, and exceed, client needs continues to foster long-term partnerships with retail landlords.”

Located in proximity to I-280 and the Garden State Parkway, Essex Green is anchored by a productive ShopRite supermarket and boasts a complementary lineup of retailers, restaurants and service providers including an AMC Dine-In theatre, Sears Outlet and TGI Friday’s. Essex Green also is home to one of a select number of the new, off-price Macy’s Backstage stores in the tristate area.

Levin will apply its proven management standards to all aspects of Essex Green’s operation, noted Carson. “Essex Green is a very strong supermarket-anchored property in a desirable submarket with excellent local demographics,” he said. “Our efforts here initially will focus on making enhancements to the center’s curb appeal as well as adding new signage for the new owner. We intend to uphold Essex Green’s quality by providing a welcoming and comfortable environment for shoppers.”

Essex Green marks the continued growth of Levin’s regional leasing and management portfolio. The firm was awarded a number of significant new assignments in recent months, including properties in Whiting and Woodbridge, N.J.; Philadelphia, Pa.; and Hicksville, N.Y.

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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