Levin Management Corp. continues to diversify its commercial management portfolio with the recent addition of a high-profile North Jersey office building, which also represents an expansion of the firm’s foothold in Bergen County.
North Plainfield-based LMC announced March 28 it assumed the role of managing agent for 222 Bridge Plaza South in Fort Lee, a 108,000-square-foot, seven-story building that is home to fashion company Southpole.
“LMC is widely regarded for its long history of delivering third-party real estate services to retail property owners,” Joseph Lowry, senior vice president of acquisitions and business development, said in a statement. “Yet our portfolio also includes approximately 1.65 million square feet of industrial and office assets – sectors for which we are seeing increased demand.”
According to LMC, the firm was appointed by new ownership following the recent sale of 222 Bridge Plaza South to ensure it is maintained at high standards and retains its competitive position. Prominent Properties Sotheby’s International Realty is handling leasing of the property.
“The assignment is particularly rewarding because it represents our first project for this private owner entity, which plans to house its headquarters onsite,” Lowry added. “We intend to apply our proven management standards to all aspects of the building’s operation and to support 222 Bridge Plaza South’s long-term success. We also look forward to working with Prominent Properties on this project.”
The building is situated in Fort Lee’s dynamic live-work-play environment, minutes from Manhattan and accessible by Interstates 80 and 95, Routes 1 and 46, the New Jersey Turnpike and the Palisades Interstate Parkway.
LMC’s management portfolio encompasses 120 properties and 16 million square feet across leasing and management. Last week, the firm announced Fortunoff would continue its regional expansion at a Somerset County shopping center, for which LMC serves as exclusive leasing and managing agent.