Valley Mall Shopping Center on Valley Road in Gillette — Courtesy: Levin Management Corp.
By Joshua Burd
Levin Management Corp. has added to its management portfolio in New Jersey with new assignments at three shopping centers totaling more than 450,000 square feet.
According to the firm, the properties include the 195,000-square-foot Valley Mall Shopping Center on Valley Road in Long Hill’s Gillette section, whose tenants include T.J.Maxx, HomeGoods, Old Navy, Famous Footwear, Panera Bread and Starbucks, among others. The same owner has also tapped LMC to manage Plaza 33, a 65,000-square-foot neighborhood center at 300 West Sylvania Ave. in Neptune City, which is home to Dollar General, Retro Fitness and Kearny Bank.
“These two assignments are particularly gratifying because they represent an expanded client relationship,” said Paul Tavaglione, executive vice president and chief operating officer of North Plainfield-based LMC, noting that it manages another New Jersey property on behalf of the same owner. “Both existing and newer clients appreciate our guidance as a landlord-focused real estate services provider. We intend to put our signature on how these properties are maintained and how we respond to tenants’ needs, while applying Levin’s proven management standards to all aspects of both properties’ operations.”
LMC’s third new agency assignment is at Deptford Crossing in Deptford, according to a news release. Located on Clements Bridge Road, the 192,000-square-foot Gloucester County property is home to high-performing Ollie’s Bargain Outlet, T.J.Maxx, Marshalls and Dollar Tree stores.
“We are pleased to have been selected for this assignment on behalf of a repeat Levin client,” said Joseph Lowry, LMC’s senior vice president of acquisitions and business development. “Deptford Crossing is a great addition to Levin’s management portfolio, and we look forward to utilizing our expertise in all aspects of property operations to maximize its value and appeal. We also will collaborate with our client to identify potential, future capital reinvestments.”