Levin Named Exclusive Leasing and Managing Agent for The Shops at Blue Bell

The 103,000-Square-Foot, Giant-anchored Property has been Acquired by ING Clarion. End Quote

Philadelphia, PA-NJ (1888PressRelease) January 14, 2011 - Levin Management Corporation has been named exclusive leasing and managing agent for The Shops at Blue Bell, announced Matthew K. Harding, the firm's president and chief operating officer. The 103,000-square-foot shopping center has been acquired by ING Clarion.

"Levin and ING Clarion have enjoyed an excellent working relationship in the past, and we are pleased to renew that relationship," said Harding, whose firm brought the property's availability to the attention of the new owners. "The Shops at Blue Bell is an excellent, well-located property, with a solid history as a community shopping destination, and one that is a welcome addition to our management portfolio."

Situated at 1760 DeKalb Pike (Route 202), The Shops at Blue Bell is anchored by a Giant supermarket, with a tenant mix that includes Sovereign Bank, GNC, Supercuts, Sbarro and IHOP. The five-mile population consists of over 160,000 residents with an average household income of $97,104. The site's daily traffic count is 33,000 vehicles.

"We continue to look for opportunities in the marketplace on behalf of our clients," said Harding. "Our continued growth throughout the recent economic climate is a testament to our ability to realize the full potential of our portfolio. The Shops at Blue Bell is a perfect fit for that portfolio."

Levin currently maintains a growing portfolio of more than 90 diverse retail properties totaling 12.5 million square feet. Properties range from downtown stores to lifestyle centers, and from neighborhood and community centers to power centers in New Jersey, New York, Pennsylvania, Virginia, North Carolina and Florida. Levin offers a full range of services for its clients, including leasing, property management, accounting, construction management, marketing and risk management.

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