Levin Management Corporation

Had the pleasure of joining the conversation with other industry leaders with NJBIZ on the upcoming holiday shopping season. Thank you Kimberly Redmond at NJBIZ for including me.    Some key takeaways from the article: • Early Shopping: 76% of U.S. consumers plan to start their holiday shopping before Thanksgiving, with 40% already underway. • Economic Impact on Spending: While inflation is easing, 59% of consumers expect budget constraints this season, and 57% describe their finances as “strained.” Still, spending is projected to increase by 7%, averaging $1,638 per shopper. • BOPIS & Curbside Growth: Buy online, pick up in-store (BOPIS) and curbside pickup are booming, especially among millennials and Gen Z, driving increased store traffic and add-on sales. • In-Store Shopping Resurgence: 71% of shoppers will use two or more channels to complete their holiday shopping, with increased foot traffic expected in both enclosed malls and open-air shopping centers. • Retailer Optimism: Retailers remain confident, buoyed by moderated inflation and low unemployment rates, anticipating positive sales trends and high foot traffic in the months ahead.   Stay tuned for the Levin Management Corporation’s Retail Sentiment Survey—we’ll be sharing predictions from our retail managers just before Thanksgiving. https://lnkd.in/d9m9AzDk

Exciting news for Clinton Corners in South Plainfield! Tropical Supermarket has opened for business and a lease commitment with Mexican restaurant Blue Habanero are adding a fresh vibe to the neighborhood retail center. Vanessa Fernandez-Kelty, Senior Leasing Representative facilitated the 2,145-square-foot Blue Habanero lease and also previously arranged the Tropical Supermarket lease. Diomaris Rosado from Keller Williams Premier represented the tenant. Tropical Supermarket is a perfect match both for this neighborhood and Clinton Corners. The grocer’s mid-October soft launch will be followed by a formal Grand Opening celebration in early November. Thank you Chain Store Age for running our story: https://lnkd.in/eNPsmGH7 #RetailLeasing #CommercialRealEstate #ClintonCornersRevitalization #NowOpen #ComingSoon

We’re thrilled to announce the Grand Opening of Liquor Cave at Somerset Shopping Center in Bridgewater, NJ! 🥂✨ Event date: October 18, 2024 at 3 PM Join us for: • Exclusive deals • Tastings • Giveaways 📍 Address: 309 US-202 #206, Bridgewater, NJ 08807 Don’t miss the Ribbon Cutting Ceremony with Mayor Matthew Munch of Bridgewater! ✂️ #LiquorCave #BridgewaterNJ #GrandOpening #CelebrateWithUs

We’re thrilled to share that a major redevelopment plan is underway at West Orange Plaza, sparked by a 212,000-square-foot lease with Target! 🎯 The transformation will happen in stages, starting with renovations to make way for Target’s new store, including loading dock upgrades to support their omnichannel operations. Plans are on track to wrap up by fall 2025. In addition to Target’s space, the project will feature: 🔹 New construction of an 8,400-square-foot building 🔹 Expansion of an existing outparcel with a 5,500-square-foot addition 🔹 Center-wide updates to access, circulation, parking, signage, lighting, and landscaping This multimillion-dollar redevelopment will also incorporate EV charging infrastructure, aligning with sustainable trends and enhancing the experience at this Whole Foods-anchored center. Construction begins this fall, with completion expected by late 2026. Stay tuned for more updates. Read the full release here: https://lnkd.in/e-bdZhwZ #LevinMgt #RetailRedevelopment #WestOrangeNJ #Target

We are thrilled to announce that the newly built McDonald's at Rutgers Plaza is now complete and getting ready to open its doors! 🍔🍟 Plus, a Grand Opening celebration is in the works—stay tuned for more details! Watch this time-lapse video of the construction process. Check out all the hard work that brought this project to life! 👷♂️🚧 Get ready to enjoy all your favorites soon at this brand-new location. #McDonalds #RutgersPlaza #NewOpening #FastFoodFavorites #GrandOpening #ConstructionManagement #FranklinTownship #LevinMgt #ComingSoon

Please join us in giving a warm welcome to Alena Mayer, the newest member of our Finance and Accounting Department here at Levin Management! We’re thrilled to have Alena on board and can’t wait to see the amazing contributions she’ll make.    Welcome to our team, Alena! 👏   #Welcome #NewTeamMember #LevinMgt #TeamGrowth #Finance

Our expert, Erika Morasco, Vice President of Property Management, shares valuable insight in a recent interview with Commercial Property Executive. Erika highlights how Levin Management Corporation (LMC), as a one-stop commercial real estate services provider, holds a distinct advantage in winning new business. Key benefits of LMC’s comprehensive approach include: ✔️ Convenience – Clients can access all necessary services in one place, from operational support to construction management, marketing, and leasing. ✔️ Cost & Time Efficiency – By eliminating the need for multiple firms, LMC reduces expenses and delays. ✔️ Streamlined Operations – Better coordination ensures smoother project execution. ✔️ Turnkey Solutions – Fully built-out spaces meet tenants’ needs for ready-to-use properties. ✔️ Competitive Edge – LMC’s all-in-one service offering sets it apart from competitors who may not offer everything in-house. Additionally, LMC’s investment in technology enables access to real-time data, enhancing decision-making for property performance, leasing, and tenant needs. This technological edge further streamlines processes, ensuring clients get timely and actionable insights. As a smaller firm, LMC focuses on nurturing relationships with local residents, businesses, and government officials, which often proves more effective than the approach of larger, national service firms. Check out the full article here: https://lnkd.in/eR2Uhzug #CommercialRealEstate #PropertyManagement #WinningBusiness #LMC #TurnkeySolutions

🎉 Congratulations to Jennifer Harmon, our Values Award Spotlight Winner for the month of September! Jennifer consistently delivers outstanding work, always surpassing client expectations. From analyzing and compiling quarterly financial packages to ensuring every detail is meticulously reviewed, her commitment to excellence is truly inspiring. Jennifer’s dedication and drive to learn, grow, and support her team make her an invaluable part of our LMC family. Congratulations, Jennifer, on this well-deserved recognition! We’re proud to have you on the team! 🎉 #Levinmgt #EmployeeRecognition #LMCValues 

We are thrilled to announce that the Levin Management's Property Management Team has been honored with the prestigious 2024 BOMA New Jersey Outstanding Building of the Year (TOBY) Award in the Retail Category for the management of the Wall Towne Center in Manasquan, NJ. 🏆   This prestigious recognition celebrates our Property Management Team’s dedication to excellence in building management, operational efficiency, tenant retention, emergency planning, and community impact.   We’re looking forward to celebrating this incredible achievement at the TOBY Awards Celebration on October 23rd at The Pleasantdale Chateau in West Orange, NJ. 🏅   Congratulations to the entire team for making this possible! 🙌 #TOBYAwards #PropertyManagementExcellence #LMC #BOMANJ #Teamwork #RealEstate

Thank you Long Island Business News for the coverage on our new lease with J.Crew Factory coming Mayfair Shopping Center in Commack. #inthenews #retailers #shoppingcenter #leased https://lnkd.in/e3MkPWqf