Smashburger Set to Open at Levin-Managed Post Road Plaza
Fast Casual Eatery Occupies Pad Site Once Utilized by OTB.
- New York, NY (1888PressRelease) August 07, 2012 - Fast casual eatery Smashburger is set to open its newest restaurant at a 2,282-square-foot pad site formerly occupied by OTB at Post Road Plaza in Pelham Manor, announced Levin Management, exclusive leasing and managing agent for the 267,627-square-foot shopping center. A Smashburger franchise operator represented by Peter Levine of Charter Realty & Development signed the lease earlier this year.
Smashburger, which operates more than 150 company-owned and franchised stores nationally, is one of the fastest growing restaurant chains in its category. With a concept relatively new to the New York metro area, the company continues to expand rapidly in the tri-state region.
"Their menu is more expansive than other operators in the same restaurant category, providing a broad range of dining options for its patrons," said Michael Cohen, vice president of leasing. "From a design aspect, Smashburger always puts together an attractive restaurant, inside and out. The food use is, of course, a great addition for Post Road Plaza, joining the café at Fairway Market to provide outstanding food service options for shoppers.
"This is also a very visible location close to U.S. 1 - the Boston Post Road - and they should be a great success," continued Cohen. "We had a great deal of interest in this site, but decided on this franchise group based on their experience in the restaurant business and the dynamic product that Smashburger brings to the table."
The Smashburger opening will be followed in October by the fashion apparel retailer Lane Bryant, which recently signed a lease for 5,487 square feet at Post Road Plaza. In other tenant news, the 7,500-square-foot space formerly occupied by Mandee has been converted into an Annie Sez location.
"Post Road Plaza has long been one of southern Westchester's favorite places to shop, and the center's recent renovation and modernization has produced a magnificent result," said Cohen. "All of the retailers continue to do very well, and we are seeing a great deal of interest in the remaining availabilities as this solid tenant mix continues to evolve. We anticipate additional announcements shortly."
Situated at the junction of U.S. 1, Pelham Parkway and the Hutchinson River Parkway in New York's Westchester County, the recently repositioned Post Road Plaza is anchored by Fairway Market, HomeGoods and Modell's. Other national tenants include Marshalls Shoes, Dress Barn, Hallmark and GNC. The location has a five-mile population of more than 1.1 million with an average household income of nearly $66,000 and a daily traffic count of 115,000 vehicles.
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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