News: Brokerage

Levin Mgmt. leases 41,300 s/f to Dave & Buster's at Post Road Plaza; Firm directs $15 million in renovations at the 260,000 s/f property

VILLAGE OF PELHAM MANOR, NY The opening of national dining and entertainment chain Dave & Buster's at Post Rd. Plaza marks another significant milestone in the transformation of this Westchester County shopping destination. As managing and leasing agent, Levin Management has taken major steps to reposition, re-tenant and redevelop the 260,000 s/f property. The retail real estate services firm has directed $15 million in renovations to Post Rd. Plaza's buildings and common areas. This included the reconfiguration of the property's second floor space, which subsequently suited Dave & Buster's 41,300 s/f space requirement perfectly. Headquartered in Dallas, Texas, Dave & Buster's provides guests the ultimate destination to "eat, drink, play and watch" all in one place. Venues offer a full menu of chef-crafted American cuisine ranging from appetizers to steaks, a selection of innovative cocktails, and over 170 of the latest and greatest games. Dave & Buster's also features over 30 big screen HDTVs where guests can catch all of their favorite sporting events. "Dave & Buster's unique brand of cutting-edge entertainment and dining will be an excellent draw to Post Rd. Plaza," said Levin Management's Matthew Harding, president. "We are confident this venue will become a key amenity for local residents and a strong part of the community." Located at the junction of U.S. 1, Pelham Pkwy. and the Hutchinson River Pkwy., Post Rd. Plaza has re-emerged as one of the region's most vibrant and successful retail destinations. The Levin leasing team successfully filled the properties anchor space with a 75,000 s/f Fairway Market supermarket, and enhanced the center's retail mix with the addition of Marshall's Shoes, HomeGoods, Lane Bryant and a free-standing Smashburger. Long-time tenants Modell's and DressBarn expanded into new prototypes and several others renewed their commitments at the property. Two additional national tenants, Panera Bread and Sally Beauty Supply, also have come on board and are getting ready to open their doors at Post Rd. Plaza. The renovation work also included an updated façade; innovative signage; and new lighting, paving and landscaping. "In conjunction with the Village, Levin's goal was to improve the aesthetics of Post Road Plaza, attract quality tenants and rebrand this center to better serve the needs of the southern Westchester community," said Harding. "Our renovation and modernization efforts have produced a magnificent result. The Dave & Buster's opening turns the page to what is sure to be an exciting new chapter for this property."
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