Monday, December 23, 2024

Springfield Avenue Marketplace

Newark, N.J. — The addition of Springfield Avenue Marketplace in Newark, N.J., punctuates Levin Management Corporation’s (LMC’s) established position as a go-to services provider for grocery-anchored shopping centers. In April, the North Plainfield, N.J.-based commercial real estate services firm took on the role of leasing and managing agent — at a time of significant, COVID-19 related business disruption. The 112,000-square-foot Springfield Avenue Marketplace, located in Newark’s desirable University Heights neighborhood, is anchored by a 67,000-square-foot ShopRite supermarket. The assignment represents LMC’s first with the property’s ownership. “Making a management transition …

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