Levin Management Corp. (LMC) of North Plainfield has added to its retail portfolio.
The firm was named exclusive managing agent for Chester Springs, an approximately 226,000-square-foot, grocery-anchored shopping center in Chester.
Anchored by a 62,000-square-foot ShopRite supermarket, the center’s co-tenancy includes CVS Pharmacy, Marshalls, Panera Bread and independently owned/operated gym NitroFlex. The shopping center will soon welcome off-price home decor and furniture brand HomeGoods to its lineup, which also features a complementary mix of retailers, restaurants and service providers.
“This is a high-quality and highly visible property directly on Route 206 in a market supported by excellent demographics – including an average household income exceeding $168,000 within a five-mile radius,” noted Robert Carson, LMC president. “Chester Springs is a dominant center in its trade area and a great addition to our portfolio. As managing agent, we look forward to further maximizing the property’s curb appeal and ensuring an attractive, well-maintained shopping experience for both tenants and consumers.”
The Chester Springs appointment represents LMC’s first assignment with the property’s owner, Black Creek Group, a Denver-based real estate investment manager and development firm.