Planet Fitness Opens at Levin-Managed Capitol Plaza in New Jersey

Fitness Center's Newest Location Occupies 17,380 Square Feet at Mercer County Mixed-Use Property. End Quote

Trenton-Ewing, NJ (1888PressRelease) July 26, 2012 - Fitness centers continue to be one of retail's fastest-growing segments, and Planet Fitness illustrates that trend with a new, just-opened 17,380-square-foot gym at Capitol Plaza in Ewing, N.J. The 357,000-square-foot Capitol Plaza is exclusively leased and managed by Levin Management.

"Gyms and fitness centers continue to generate considerable traffic all across the country," said Matthew K. Harding, president and COO of Levin Management. "Planet Fitness is a true leader and innovator in its field, and its presence at Capitol Plaza adds a very important element to the center."

Planet Fitness, one of the fastest growing fitness chains in the U.S., joins a tenant roster anchored by Marshalls, Sav-A-Lot, Harbor Freight Tools, Forman Mills and the recently-expanded American Furniture. Other national and regional tenants include Ashley Stewart, Kicks USA, Foot Locker and GNC. Capitol Plaza is also home to the Allied Health Nursing School and a U.S. Armed Forces Career Center. Additionally, the property includes 1001 Spruce Office Center, with 70,000 square feet of office space that houses a number of businesses.

"Planet Fitness has become a valued onsite amenity for employees at 1001 Spruce, in addition to serving as a great resource for the community," Harding noted. "Its immediate popularity speaks to a growing lifestyle emphasis on health and fitness."

Situated at the intersection of U.S. 206 and heavily traveled North Olden Ave. in Central New Jersey's Mercer County at the heart of a road network that includes U.S. 1, Capitol Plaza boasts a five-mile population of 238,000. Long a major shopping destination in the region, the center's demographics include a daily traffic county of nearly 62,000 vehicles, and five-mile average household and median household incomes of $83,253 and $54,794 respectively. The center's 1001 Spruce Office Center adds hundreds of employees and visitors daily.

"With the recent addition of several new tenants including Planet Fitness, Capitol Plaza is well-positioned to continue its role as a favored shopping destination," said Harding. "We continue to see considerable interest in the remaining availabilities and expect to have additional announcements very soon."

Headquartered in North Plainfield, N.J., Levin Management offers a full range of services for its clients, including leasing, management, accounting, construction management, and marketing. The company's management and leasing portfolio includes more than 90 diverse retail properties totaling more than 12.5 million square feet in New Jersey, New York, Pennsylvania, Virginia, North Carolina and Florida. Properties range from neighborhood, community, lifestyle and power centers, to enclosed malls, downtown stores and mixed-use projects.

Levin's ownership approach to the business has earned it a number of distinguished awards. The company 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 for the second year in a row. In January 2011, Commercial Property Executive magazine ranked Levin 30th among Top US Real Estate Companies. In August 2011, the publication again honored Levin as one of the industry's Top Property Managers.

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