1320 Fairview St. in Delran — Courtesy: Levin Management Corp.
By Joshua Burd
Levin Management Corp. will oversee leasing and management for a Burlington County shopping center after joint venture’s recent acquisition of the grocery-anchored property.
Known as Hartford Corners, the 215,000-square-foot complex sits at 1320 Fairview St. in Delran, Levin said in a news release. The property, which was recently purchased by Principal Real Estate Investors with Levin Properties, is 93 percent leased and anchored by ShopRite and Lowe’s.
Joseph Lowry, the firm’s senior vice president of leasing and acquisitions, said its initial focus will be on filling the center’s two remaining vacancies. Andrea Kyriacou is heading up the leasing assignment for Levin Management, or LMC.
“Hartford Corners is an exciting addition to our leasing and management portfolio,” Lowry said in a prepared statement. “This is a quality property that is performing extremely well within the greater Philadelphia area marketplace.
“A premier grocery anchor is beneficial to any shopping center, and ShopRite-anchored centers, in particular, are in high demand and relatively scarce supply. Hartford Corners benefits from the presence of a high-volume store, which drives considerable traffic to the center.”
Other tenants include national and regional retailers such as Staples, Planet Fitness, Five Below, Sleepy’s, Smashburger and Starbucks, the news release said. The center is accessible to Route 130 and near residential developments, with some 52,000 vehicles passing by the intersection daily.
