New Tenant, New Retail Space Availabilities at North Village Shopping Center
Addition of Specialty Grocer Enhances Middlesex County, N.J., Property
NORTH BRUNSWICK, N.J., Sept. 14, 2017 – The addition of a national grocery store chain and the completion of a retrofit to create new retail space availabilities are strengthening North Village Shopping Center’s position as a dominant Middlesex County shopping destination, according to Levin Management Corporation (LMC). The commercial real estate services firm serves as exclusive leasing and managing agent for the 128,000-square-foot property, situated directly on Route 1 in North Brunswick.
Following a lease signing with Trader Joe’s, the LMC construction team subdivided an anchor space formerly occupied by Barnes & Noble. The new configuration will accommodate the grocer and has created additional units ranging from 1,500 to 7,100 square feet. A 3,400-square-foot inline restaurant space also is available at the property.
“North Village Shopping Center has long served as a preeminent regional shopping destination, and the addition of this unique neighborhood grocer will bolster its leading position within the Middlesex County marketplace,” noted Matthew K. Harding, LMC president. “Simultaneously, we are offering new leasing opportunities at the property, at a time of strong retail demand for well-located, quality retail in New Jersey.”
With its enviable lineup of national and community tenants, North Village Shopping Center is anchored by Bed Bath & Beyond, Michael’s Arts & Crafts and Staples, with other retailers including Panera Bread, Smashburger and Chili’s. The center serves a residential population of almost 270,000 people within a five-mile radius. The marketplace offers an average household income of more than $96,000, and the daily traffic count exceeds 99,500 vehicles.
For 65 years, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. LMC today maintains a diversified, retail-focused portfolio of approximately 100 properties totaling 14 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services. LMC’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.