Levin Management Corporation (LMC), a North Plainfield-based commercial real estate firm, has announced a strong performance in the first half of 2025, completing 68 transactions totaling nearly 570,000 square feet in retail leasing. The company’s momentum highlights the sustained demand for space in open-air shopping centers, which continue to outperform other retail sectors.
According to LMC CEO Matthew Harding, the success is due to retailers prioritizing locations in “high-demand corridors that provide the visibility and convenience they need to succeed.”
Discount and experiential retail lead the way
The leasing activity was primarily driven by two key categories:
- Discount retailers accounted for the largest share of transactions, with approximately 115,000 square feet leased. Major brands like Burlington and Five Below signed new leases, including a Burlington store at the fully leased St. Georges Crossing in Woodbridge.
- Experiential and fitness operators followed with nearly 60,000 square feet. This category includes new tenants such as an indoor pickleball facility in Jersey City, a My Gym, and a Kids Empire.
LMC’s portfolio saw significant activity at properties across the state. At the redeveloped Blue Star Shopping Center in Watchung, Burlington and Five Below joined the tenant mix, while a long-time tenant, Marshalls, committed to a new store. The center also recently celebrated the opening of a new ShopRite. Other notable deals include the addition of Gap Factory at Mayfair Shopping Center in New York and Boot Barn at Somerset Shopping Center in Bridgewater.
Following a record-breaking year in 2024 with over 1 million square feet of leasing activity, LMC’s mid-year results position the firm for another successful year. Harding believes that with robust demand and a healthy pipeline of prospects, leasing velocity will remain strong for the foreseeable future.
