Levin Management Corp. (LMC) has demonstrated remarkable resilience in the retail sector, achieving near-record leasing activity and overseeing significant redevelopment projects in 2024. The commercial real estate services firm, based in North Plainfield, managed over 1 million square feet of transactional activity last year, reflecting a strong market momentum and strategic property reinvestment.

The company's success can be attributed to its adept leasing team and the growing demand for innovative retail spaces. Matthew Harding, CEO of LMC, highlighted that nearly 125 transactions over the past year have contributed to a four-year total of 4.2 million square feet in new leases, expansions, and renewals. This surge in activity underscores tenants' eagerness to capitalize on emerging opportunities and adapt to the evolving industry landscape. Property owners are also responding by enhancing their tenant mixes with exciting brands and diverse uses, further solidifying the connection between reinvestment and dealmaking success.

Recreation, fitness, apparel, dining, and grocery sectors were among the standout categories in 2024. Notable commitments included Ace Pickleball Club, Planet Fitness, J.Crew Factory, Raising Cane’s Chicken Fingers, and ShopRite. Dining remains particularly vibrant, with popular chains like Dave’s Hot Chicken and Nothing Bundt Cakes joining the roster. Additionally, the limited availability of open-air retail space has spurred an increase in pad site development, attracting fast-food giants such as McDonald’s and Burger King.

The firm's commitment to redevelopment is evident in its active and imminent projects, including a multi-million-dollar initiative at Blue Star Shopping Center in Watchung, New Jersey. With ShopRite's relocation and expansion, this 420,000-square-foot center is undergoing a full-property transformation. Similarly, Target's late-2023 commitments have propelled renovations at West Orange Plaza and Flemington Marketplace, demonstrating the sustained interest from expanding retailers in reimagined properties.

For seven decades, LMC has provided comprehensive services to institutional and high-net-worth investors, managing a diversified portfolio of 125 properties totaling over 16 million square feet. As the retail landscape continues to evolve, LMC remains committed to leveraging new technologies and sustainability initiatives to serve the next generation of properties and tenants. This dedication to innovation and hands-on management positions LMC as a leader in transforming legacy properties into modern, attractive retail destinations.