Levin Management expands NYC Metro portfolio with Tysen Park Shopping Center assignment

Staten Island, NY Levin Management Corp. (LMC) has been awarded the management and leasing assignment for Tysen Park Shopping Center, a 154,000 s/f retail property located along Hylan Blvd. The assignment marks a new client relationship for LMC and further expands the company’s presence in the New York metropolitan market.

“This assignment represents an exciting opportunity to bring our integrated platform to a well-positioned Staten Island asset. Tysen Park Shopping Center has strong fundamentals, an established market presence and a tenant mix well-aligned with today’s retail demand,” said Joseph Lowry, senior vice president of acquisitions and business development for LMC.

Anchored by Stop & Shop and HomeGoods, the center is 97% occupied and reflects the continued strength of necessity-based and service-oriented retail. The property’s tenant mix includes quick-service restaurants, fitness concepts, medical users, and financial institutions — categories that continue to drive traffic and leasing activity in today’s retail environment. National tenants include Wendy’s, Dunkin’, Paris Baguette, Club Pilates, CITYMD, Santander Bank, and Northfield Bank.

Located on the primary retail corridor, the shopping center benefits from traffic counts exceeding 36,000 vehicles per day, attracts 2.9 million visits annually according to Placer.ai, and serves a dense, affluent trade area with more than 166,000 residents and average household incomes exceeding $140,000 within a three-mile radius.

Tysen Park reflects continued demand for LMC’s 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 Harding, chief executive officer of LMC. “Assignments like this reflect the confidence owners place in our team and our ability to create long-term value for retail assets.”

Tysen Park is the third retail property assignment LMC has secured this year, further expanding the company’s third-party management and leasing platform.