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Leasing firm: 2016 volume has been hot


Levin Management president Matthew Harding says 2016 has been an especially active year for new retail leases. Over the past nine months, he reports his company handled leasing activity for more than 500,000 sq. ft. — over 400,000 sq. ft. of that in retail.

“The retail real estate industry is again in expansion mode,” said Harding “While traditional retail segments such as grocery and discount stores continue as active shopping center mainstays, fitness chains, healthcare tenants, and fast-casual restaurants are emerging as significant players.”

Notable deals worked by LMC recently include a 41,300-sq.-ft. commitment for Raymour & Flanigan at Paramus Place and a 16,650-sq.-ft. lease for West Marine at St. Georges Crossing, both in New Jersey.

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