Tysen Park Shopping Center at 2712 Hylan Blvd. in Staten Island, New York — Courtesy: Levin Management Corp.
By Joshua Burd
Levin Management Corp. has expanded its presence in and around New York City with a new assignment at a 154,000-square-foot retail property in Staten Island.
The firm, which is based in North Plainfield, will spearhead management and leasing at Tysen Park Shopping Center along the heavily traveled Hylan Boulevard corridor, according to a news release. It noted that the property is 97 percent leased with a roster that includes quick-service restaurants, fitness concepts, medical users and financial institutions — categories that continue to drive traffic and leasing demand in today’s retail environment — with Stop & Shop and HomeGoods as anchors alongside tenants such as Wendy’s, Dunkin’, Paris Baguette, Club Pilates, CITYMD, Santander Bank and Northfield Bank.
The landlord, meantime, is a new client for LMC.
“This assignment represents an exciting opportunity to bring our integrated platform to a well-positioned Staten Island asset,” said Joseph Lowry, senior vice president of acquisitions and business development for LMC. “Tysen Park Shopping Center has strong fundamentals, an established market presence and a tenant mix well-aligned with today’s retail demand.”
Located on Staten Island’s primary retail corridor, the center benefits from traffic counts exceeding 36,000 vehicles per day and attracts some 2.9 million visits annually, LMC said, citing Placer.ai data. It also serves a dense, affluent trade area with more than 166,000 residents and average household incomes exceeding $140,000 within a three-mile radius.
LMC added that Tysen Park reflects continued demand for its integrated leasing and property management services and underscores the company’s reputation for delivering results on behalf of institutional and private owners.
“LMC’s integrated approach to property management, leasing and asset positioning continues to resonate with property owners seeking experienced operating partners,” said Matthew K. Harding, the firm’s CEO. “Assignments like this reflect the confidence owners place in our team and our ability to create long-term value for retail assets.”
