Positioning Retail Real Estate for a New Generation

June 11, 2018

  • Posted on:  Thursday, 31 May 2018 20:30
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Nu Image Body Sculpting Opens at Paramus Place in Paramus, N.J.

1,550-Square-Foot Lease Brings Levin-Managed Center to Full Occupancy

PARAMUS, N.J., June 11, 2018 – Nu Image Body Sculpting – offering non-invasive fat reduction, skin tightening and facial rejuvenation services – has opened its doors at Paramus Place in Paramus. Levin Management Corporation (LMC), the property’s exclusive managing and leasing agent, arranged the 1,550-square-foot lease, bringing the 261,300-square-foot shopping center to 100 percent occupancy.

Levin Leasing Representative Jordan Korris negotiated the long-term lease. Chris Calabrese of Realty Network Elite represented the tenant.

“Bergen County is one of the strongest and most sought-after retail markets in New Jersey, and Paramus Place – with its strong tenant mix, high daily consumer traffic and exceptional highway visibility – is a desirable location for any retail tenant,” said Korris. “Lifestyle-oriented medical businesses are a growing niche in retail settings, and the Nu Image Body Sculpting lease is reflective of that trend.”

Additional Paramus Place tenants include Kohl’s, Raymour & Flanigan, A.C. Moore, Tuesday Morning, Panera Bread, Annie Sez, Modell’s, Party City and Lane Bryant. Well located directly on heavily traveled Route 4 west, the shopping center serves a growing residential population of nearly 611,000 people with an average household income of $95,500 within a five-mile radius. The daily traffic count on Route 4 exceeds 141,000 vehicles per day.

For more than 65 years, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value. 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 capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 10006 times Last modified on Monday, 11 June 2018 16:39