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Portfolio Additions Underscore Period of Sustained Business Momentum
NORTH PLAINFIELD, N.J. (July 27, 2023) – Commercial real estate services firm Levin Management Corporation (LMC) has been awarded three new managing agent assignments in New Jersey, continuing a period of sustained business momentum for the North Plainfield-based organization.
In Gillette, LMC was retained to manage Valley Mall Shopping Center, a 195,000-square-foot property on Valley Road. The Morris County center’s tenant roster includes T.J.Maxx, HomeGoods, Old Navy, Famous Footwear, Panera Bread and Starbucks, among others. In Neptune City, LMC will also manage Plaza 33, a 65,000-square-foot neighborhood shopping center at 300 W. Sylvania Ave. The Monmouth County property includes Dollar General, Retro Fitness and Kearny Bank.
“These two assignments are particularly gratifying because they represent an expanded client relationship,” said LMC’s Paul Tavaglione, executive vice president and chief operating officer, noting that LMC manages another New Jersey property on behalf of the same owner. “Both existing and newer clients appreciate our guidance as a landlord-focused real estate services provider. We intend to put our signature on how these properties are maintained and how we respond to tenants’ needs, while applying Levin’s proven management standards to all aspects of both properties’ operations.”
LMC’s third new agency assignment is Deptford Crossing in Deptford. Located on Clements Bridge Road, the 192,000-square-foot Gloucester County shopping center is home to high-performing Ollie’s Bargain Outlet, T.J.Maxx, Marshalls and Dollar Tree stores.
“We are pleased to have been selected for this assignment on behalf of a repeat Levin client,” noted Joseph Lowry, LMC’s senior vice president of acquisitions and business development. “Deptford Crossing is a great addition to Levin’s management portfolio, and we look forward to utilizing our expertise in all aspects of property operations to maximize its value and appeal. We also will collaborate with our client to identify potential, future capital reinvestments.”
For seven decades, LMC has served as a trusted single-source commercial real estate services provider for institutional and private owners. Its diversified, retail-focused leasing and management portfolio includes 125 properties totaling almost 16 million square feet in the Northeast and Mid-Atlantic states.
LMC helps its clients operate properties and create case-specific solutions to protect and improve value; it has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in every facet of its business. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.
About Levin Management Corporation (LMC)
975 Route 22 West, North Plainfield, New Jersey 07060