Positioning Retail Real Estate for a New Generation

November 22, 2021

  • Posted on:  Tuesday, 30 November 2021 17:07
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Optimum Store Coming to Somerset Shopping Center in Bridgewater, N.J.

Telecom Services Provider Adds New Category to Property’s Tenant Mix

BRIDGEWATER, N.J., Nov. 22, 2021 – The Optimum store is coming to Somerset Shopping Center in Bridgewater, announced Levin Management Corporation (LMC), exclusive leasing and managing agent. This latest addition marks a new tenant category for the 219,000-square-foot retail property located at the junction of Route 202/206 and Route 28.

Optimum retail store locations assist residential and business customers with a range of services including high-speed Internet, wireless plans and set up, and digital cable television and home phone services. Customers also can shop the latest smart phones and accessories and learn about Optimum Mobile service.

LMC Senior Leasing Representative Vanessa Fernandez-Kelty arranged the 1,100-square-foot transaction; Jake Frantzman of RIPCO Real Estate represented the tenant.

“Optimum is a terrific add for Somerset Shopping Center, bringing in a new type of service to benefit area consumers,” said Fernandez-Kelty. “Securing this lease is a great example of our team’s focus on filling spaces at the properties we represent with the right tenants – not just any tenants. We always look for brands that add to a retail center’s dynamic and appeal for shoppers.”

Somerset Shopping Center features a mix of retailers, restaurants and service providers including Christmas Tree Shops, Barnes & Noble, Gap, Eastern Mountain Sports, Pearl Vision, Norman’s Hallmark, Pupcakes and Pawstries Barkery and Shoppe, Hand & Stone Massage and Facial Spa, Rite Aid, TGI Fridays and Men’s Wearhouse, among others. For more information and current promotions, visit http://www.shopsomersetshoppingcenter.com.

Somerset Shopping Center serves a growing residential population of 121,000 people with an average household income of $140,000 within a five-mile radius. About 72,000 vehicles pass the property each day.

Remaining space availabilities at Somerset Shopping Center range from 3,400 square feet to 22,000 square feet.

For nearly seven decades, North Plainfield, N.J.-based LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. The firm today maintains a diversified, retail-focused portfolio of 120 properties totaling almost 16 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, financial management and reporting, construction management 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.

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