PRLog - March 23, 2012 - Retail real estate services firm Levin Management has named Joe Lowry of Columbus, N.J., as Director of Acquisitions and Business Development. The 25-year commercial real estate industry veteran joined North Plainfield-based Levin in 2009 as Director of Acquisitions. His added responsibilities reflect the firm's ongoing focus on adding new clients from among institutions, fund managers and private owners it does not already serve.
Levin delivers third-party leasing, property management, accounting, construction management, marketing and risk management services to retail property owners. Currently, the firm's management and leasing portfolio includes more than 90 diverse retail properties totaling more than 12.5 million square feet in the Northeast and Mid-Atlantic regions.
Lowry's primary responsibility for Levin Management during the past three years has been the evaluation of shopping centers listed for sale, as well as the sourcing of off-market retail investment opportunities for the firm's institutional clients. His focus now has now been expanded to include marketing Levin's range of third-party services to this customer base, as well as to other institutions, fund managers and private owners.
Lowry noted that the extension of his role is a natural progression. "Our strong platform makes us a terrific asset for retail property owners looking for a company with proven experience in getting the most out of retail properties of any type."
Levin's stewardship of acquisitions for its institutional clients frequently creates new management and leasing assignments. Recently, for instance, Lowry's team assisted in a client's purchase of The Shops at Blue Bell in Blue Bell, Pa. Levin now is serving as leasing and managing agent for the 103,580-square-
"The third-party retail property management business is highly competitive,"
"Joe was chosen for this dual role because of his excellent reputation on both the ownership and tenant sides of the equation, as well as his acquisitions expertise," Harding said. "Through his extensive, long-term involvement in our core markets, Joe has developed excellent relationships with brokers and property owners. He often has access to off-market acquisition opportunities that few others have. As such, he frequently gets a ‘first look' at off-market opportunities, and as the investment arena becomes more and more competitive, this is a great benefit that we can offer to our clients."
Lowry began his career as a real estate representative for McDonald's Corporation in western Pennsylvania. Prior to joining Levin, he held director-level positions with Equity One and WP Realty, through which he gained extensive experience in retail acquisitions. Lowry is a member of the International Council of Shopping Centers. He earned bachelor's and MBA degrees from West Chester University of Pennsylvania.
# # #
About Levin Management: Founded in 1952, Levin Management Corporation is one of the nation's leading retail real estate services firms, offering management, leasing and many other services to clients throughout the northeastern United States. Founded by a pioneering real estate developer, Levin Management takes an owner's approach to the business. The company's management and leasing portfolio consists 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. Other services include accounting, construction management, marketing and risk management. The company has been recognized for repositioning, retenanting and renovating retail properties, services that have become particularly vital for today's institutional, fiduciary and individual retail property owners.