Levin Management records nearly 1.1 million s/f in 2025 leasing across portfolio

North Plainfield, NJ Levin Management Corp. (LMC) closed 119 leasing transactions totaling nearly 1.1 million s/f across its portfolio in 2025 — representing approximately 10% growth over each of the prior two years. Six shopping centers within the LMC portfolio reached full occupancy during the year.

These year-end results underscore broad retailer demand across LMC’s portfolio and continued momentum at well-located open-air centers with high-performing anchors. Leasing activity was driven by large-format value retailers and entertainment concepts, complemented by steady small-shop velocity in food, beauty, wellness, and personal services.

Redevelopment-Driven Leasing
Leasing momentum was especially evident at two redevelopment-driven properties where anchor initiatives are accelerating tenant demand and strengthening merchandising mix.

At Blue Star Shopping Center in Watchung, N.J., the center’s redevelopment delivered a new, expanded ShopRite that helped drive fresh leasing momentum. In 2025, Blue Star signed eight new leases totaling more than 82,000 s/f, led by Burlington and a Marshalls relocation, along with Five Below, Back Nine Golf, Honeygrow, Taco Bell and Modern Nails Lounge.

At West Orange Plaza in West Orange, N.J., redevelopment momentum sparked by Target and continued outparcel development is driving leasing demand and expanding the tenant lineup, including new wellness and restaurant concepts. Recent leasing includes three new tenants: VIO Med Spa, Namkeen Hot Chicken Joint and Quickway Japanese Hibachi.

Additional Leasing Highlights
Leasing performance across the broader portfolio remained strong, including two additional Burlington deals at St. Georges Crossing (Woodbridge, N.J.) and Post Road Plaza (Pelham Manor, N.Y.). Value and necessity-based leasing included Savers at High Pointe Commons (Harrisburg, Pa.), 168 Nail Supply at Crossroads Place (Falls Church, Va.), and Restoration Hardware Outlet and Sprouts Farmers Market (locations to be announced). Health, wellness and service additions included Planet Fitness at Aldrich Plaza (Howell, N.J.) and PB Club at Twin City Shopping Center (Jersey City, N.J.). Experience-led and dining concepts included Activate Games at St. Georges Crossing, Bounce Air Adventure Park and Wingstop at Rutgers Plaza (Somerset, N.J.), and Popup Bagels in Westfield — its first New Jersey location — along with new tenants at Mayfair Shopping Center (Commack, N.Y.) including Kid’s Empire, My Gym and Gap Factory. Boot Barn also joined the lineup at Somerset Shopping Center (Bridgewater, N.J.).

Six centers within LMC’s portfolio reached 100% leased
LMC also achieved a major portfolio milestone in 2025: Flemington Marketplace, St. Georges Crossing, North Village Shopping Center and Hamilton Plaza (N.J.), along with Post Road Plaza (N.Y.) and Crossroads Place (Va.), are now 100% leased.

“Retailer demand is concentrating around strong open-air centers with high-performing anchors in the right trade areas, and we’re seeing those properties outperform,” said Matthew Harding, chief executive officer of LMC. “In many cases, performance is strong enough that we’re right-sizing centers — reshaping space and tenant mix to match what today’s retailers want and what our communities support, including adding new opportunities through outparcel development where it fits.”

Notable Openings
Notable openings across the portfolio include ShopRite and Planet Fitness at Blue Star, Target at Flemington Marketplace, Total Wine & More at North Village Shopping Center, Burlington at St. Georges Crossing, Boot Barn at Somerset Shopping Center and Michaels at Post Road Plaza.

Industrial Growth
In addition to its retail portfolio activity, LMC advanced industrial growth initiatives in 2025, including a new 135,990 s/f lease with Morerich Tech LLC at Rutgers Industrial Center, 120 Circle Drive North in Piscataway, N.J. LMC is also marketing a 54,000 s/f expansion that is scheduled for completion in the first quarter of 2026 at the eight-building, 700,000 s/f complex.