Levin Management Corporation (LMC) has been awarded the exclusive management and leasing assignment for Tysen Park Shopping Center, a massive 154,000-square-foot retail asset located on Staten Island, New York.
The deal establishes a new client relationship for the North Plainfield-based commercial real estate firm and marks its third major retail property assignment secured this year, accelerating LMC’s portfolio expansion across the New York metropolitan market.
Tysen Park Shopping Center is situated directly along Staten Island’s highly traveled Hylan Boulevard commercial corridor. The center currently boasts a 97% occupancy rate—a metric that underscores the enduring market demand for open-air, grocery-anchored, and necessity-driven retail properties.
The retail hub is anchored by prominent national brands Stop & Shop and HomeGoods. Its remaining footprint relies on an intentional mix of service-oriented and daily-needs businesses that drive reliable, recurring consumer traffic:
- Dining & Essentials: Outfitted with national quick-service concepts including Dunkin’, Wendy’s, and Paris Baguette.
- Health & Wellness: Anchored locally by service providers such as CityMD and Club Pilates.
- Financial Services: Supported by on-site branches of regional banking entities Santander Bank and Northfield Bank.
“This assignment represents an exciting opportunity to bring our integrated platform to a well-positioned Staten Island asset,” Joseph Lowry, senior vice president of acquisitions and Business Development for LMC said. “Tysen Park Shopping Center has strong fundamentals, an established market presence, and a tenant mix well-aligned with today’s retail demand.”
Data insights highlight Tysen Park’s standing as a dominant regional shopping center. According to location analytics provider Placer.ai, the property attracts approximately 2.9 million customer visits annually, bolstered by daily vehicular traffic counts exceeding 36,000 cars on Hylan Boulevard.
The center feeds into an affluent, dense trade area, positioning it as an attractive destination for continuing retail investment.
LMC boasts a 70-year history as a commercial operator, managing an expansive 16-million-square-foot footprint consisting of roughly 125 properties across the Northeast and Mid-Atlantic regions.
“LMC’s integrated approach to property management, leasing and asset positioning continues to resonate with property owners seeking experienced operating partners,” Matthew Harding, chief executive officer of LMC said. “Assignments like this reflect the confidence owners place in our team and our ability to create long-term value for retail assets.”
