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Levin says it was strong year for retail lease activity

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Matthew K. Harding, Levin Management president:
Matthew K. Harding, Levin Management president: "We continue to experience a healthy pace in new leasing and renewal activity." - ()

Retail real estate services firm Levin Management touted the strength of its leasing activity Monday, reporting more than 539,000 square feet of transactions over the past 12 months.

The North Plainfield-based firm said in a news release that it saw sustained momentum in the Northeast retail market, where most of its portfolio is located. Supermarkets, fitness chains and discount stores were among the most active categories moving into or expanding in the region, according to Levin President Matthew K. Harding.

“We continue to experience a healthy pace in new leasing and renewal activity as a wide variety of traditional and nontraditional tenants look to grow their footprints in the Northeast and Mid-Atlantic marketplaces,” he said in a prepared statement. “The diverse mix of transactions throughout our portfolio over the last 12 months has brought a number of new retailers, service providers and restaurants into the marketplace.”

Levin said highlights of its year included a 50,000-square-foot lease with ACME Markets in Barnegat and a 23,000-square-foot lease with Crunch Fitness in Franklin.

Levin, which has grown both its portfolio and staff over the past year, services about 95 properties comprising more than 13 million square feet of space.

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