Levin Management Named Leasing and Managing Agent for Moorestown Shopping Center

Burlington County Retail Center Benefits from Busy Highway Location and High Average Household Spending End Quote

Philadelphia, PA-NJ (1888PressRelease) February 24, 2012 - Levin Management, one of the nation's leading retail real estate services firms, has been named property manager and exclusive leasing agent for Moorestown Shopping Center, a 48,920-square-foot retail venue at 200 West Camden Avenue. Located near the signalized intersection of Route 73 and Route 537 in Burlington County, Moorestown Shopping Center has a daily traffic count of more than 20,000 cars on West Camden Avenue, with an additional 54,000 on Route 73.

The center is one of the area's few local retail venues and contains a strong mix of fitness, restaurant and service tenants. Retro Fitness, the market-leading health club, is a major tenant, along with Dunkin' Donuts, Family Dollar and a number of local businesses, including a dry cleaner, a kung fu studio and a tanning and beauty salon.

"We appreciate the opportunity to bring our expertise in the areas of leasing, property management and construction management to this assignment," said Robert Carson, Executive Vice President. "We will implement programs that leverage the Center's attributes in this growing marketplace to attract both consumers and new retailers, alike."

Carson said that the property is situated in an area with excellent demographics just off one of New Jersey's busiest highways. More than 50 percent of households within three miles of the shopping center earn in excess of $75,000 and nearly 15 percent earn $150,000 or more. Some 7.3 percent earn in excess of $200,000, and the average household outspends national averages on food and beverages by almost 20 percent, entertainment by nearly 24 percent, household furnishings by more than 25 percent and apparel by more than 22 percent.

Headquartered in North Plainfield, N.J., Levin Management is the largest retail leasing and management firm in New Jersey currently handling more than 40 retail management and leasing assignments totaling approximately 5 million square feet in New Jersey alone, and an additional 7.5 million square feet in New York, Pennsylvania, Virginia and North Carolina.

Levin Management also is one of the nation's oldest and largest retail services firms offering in-house leasing, property management, marketing, and construction management. Properties managed range from neighborhood, community, lifestyle and power centers, to enclosed malls, downtown stores and mixed-use projects.

Last year, Levin earned recognition from Commercial Property Executive as one of the industry's Top Property Managers and was 30th among Top US Real Estate Companies. In the last several years, the company also was named "Firm of the Year" by the Institute of Real Estate Management (IREM), New Jersey Chapter No. 1; one of America's five fastest-growing real estate managers by Chain Store Age; Top Retail Company by the Mid Atlantic Real Estate Journal; and one of the nation's Top 10 Redevelopers by Chain Store Age two years in a row. The Levin Management Retail Tenant Survey is conducted three times a year by the company to assess trends in the industry and regional economy.

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