North Plainfield-based Levin Management Corp. in April took on the role as a leasing and management agent for Springfield Avenue Marketplace, a 112,000-square-foot shopping center in Newark.
Located at 204-234 Springfield Ave., the center is anchored by a high-volume 67,000-square-foot ShopRite supermarket. The assignment represents LMC’s first with the property’s ownership.
Its well-rounded tenant mix also includes Snipes, Ashley Stewart, McDonald’s, Taco Bell, Popeye’s Louisiana Kitchen, Sarku Japan, H&R Block, T-Mobile, Metro PCS, CityLife Clinic and uBreakiFix, among others.
“Making a management transition is a significant decision for any property owner,” noted Joseph Lowry, LMC’s senior vice president of acquisitions and business development. “In the current retail and economic climate, it also involves a great deal of trust. This appointment is particularly rewarding because it demonstrates confidence in our ability to deliver high-quality real estate services.”
Situated in Newark’s desirable University Heights neighborhood, proximate to the city’s institutions of higher education, Springfield Avenue Marketplace serves a dense consumer base of about 215,000 people within a 2-mile radius.
LMC Leasing Representative E.J. Moawad is heading the Springfield Avenue Marketplace leasing team. Initial efforts will focus on identifying tenants for the center’s remaining vacancies, which include a 2,400-square-foot inline space and an available pad site.