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Bayshore Plaza in Barnegat, N.J. Now 100 Percent Leased

Casual Italian Restaurant, Non-Profit Green Initiative Join Retail Offerings at Levin-Managed Shopping Center

 
PRLog - July 7, 2014 - Two long-term lease agreements totaling 6,600 square feet brings retail occupancy to 100 percent at Bayshore Plaza (http://levinmgt.com/component/iproperty/?view=property&id=2:bayshore-plaza-barnegat) in Barnegat. The new tenants include casual Italian restaurant Luigi's Ristorante and Brick Oven Pizza (2,400 SF) and non-profit green initiative Greensleeves Boutique (4,200 SF), according to Levin Management (http://www.levinmgt.com/), exclusive leasing and managing agent for the 59,000-square-foot property.

Levin's leasing representative Gloria Mercado negotiated the long-term leases.

Bayshore Plaza's enviable location, combined with the Barnegat area's growth in population and income, were added benefits to both tenants, according to Mercado. "Location plays a pivotal role in the success of any new retail or restaurant venture, and Bayshore Plaza's outstanding Route 9 address was a key factor in attracting these tenants," said Mercado. "Luigi's Ristorante and Greensleeves are excellent matches for the center's existing tenancy, and we expect both ventures to enjoy great success here."

Luigi's Ristorante and Brick Oven Pizza will feature a full menu of specialty gourmet pizza, along with a wide selection of entrees, daily specials, pasta dishes, hot and cold subs, soups, salads, sandwiches and more. Diners can eat in or take out from this affordable B.Y.O.B. establishment, which will be open for lunch and dinner.

"This is not your ‘typical' pizzeria," said Luigi Viterbo, who owns the restaurant along with Salvatore Viterbo and Anthony Cologna. "All our food is made to order, and prepared using only the freshest ingredients. We explored many different site options but ultimately chose Bayshore Plaza due to its excellent highway visibility and desirable demographics. We look forward to bringing our innovative menu and genuine hospitality to the local community," he said. An experienced restaurateur, Luigi Viterbo owns four other New Jersey restaurants.

Greensleeves Boutique is a green initiative of Allies Inc., a Hamilton, New Jersey-based non-profit organization. Established in 2010, Greensleeves offers gently worn clothing, vintage and fabulous finds to the public, while providing on-site job training and education to individuals with disabilities. Greensleeves Boutique in Barnegat will feature local artisan designs, and upcycled art and home décor. The store will lend itself to a beach motif, with 100 percent of the proceeds directly benefiting individuals with disabilities. Additional Greensleeves Boutique locations can be found in Somerville, Flemington and Mount Holly.

"Bayshore Plaza is located directly on Route 9 North, which affords us great exposure to a growing community," said Don Tretola, senior vice-president of public affairs for Allies Inc. "This well-established shopping center's strong mix of tenants and high visibility has all the necessary elements to make our newest Greensleeves Boutique location a success, and will help us to make a difference in the lives of the people we support. We look forward to becoming part of this wonderful community."

Premier Ocean County Shopping Destination

Located on Route 9 North, Bayshore Plaza is anchored by a 30,000-square-foot Big Lots. Other national and regional tenants include Hollywood Tans, AT&T Wireless, Barnegat Pharmacy, Hudson City Savings, Spirits Unlimited, McDonalds, a nail salon, a dry cleaner and a Chinese restaurant. The center serves a growing residential population of 50,000 people within a five-mile radius. The marketplace offers an average household income of more than $84,000 and the daily traffic count exceeds 19,000 vehicles.

Levin is one of the nation's leading retail real estate services firms, with a strong focus in the northeastern United States and an owner's approach to the business. The firm's portfolio and internal resources have grown consistently over the years, responding to a variety of retail and economic climates. Today, Levin offers a full range of services for a diverse portfolio that encompasses approximately 95 properties and more than 13 million square feet. These services include leasing, property management, accounting, construction management and marketing. Levin specializes in repositioning, retenanting and renovating retail properties - areas that have become particularly vital for today's institutional and individual property owners.

With headquarters in North Plainfield, N.J., Levin serves properties ranging from neighborhood, community, lifestyle and power centers, to enclosed malls, street retail, downtown stores and mixed-use projects in New Jersey, New York, Pennsylvania, Massachusetts, Virginia and North Carolina. In business for six decades, the company taps into its associated, expansive tenant roster to conduct Retail Sentiment Surveys three times each year that provide insight on industry trends and sales performance.

Levin has earned a long list of coveted awards over the years. Since 2011 alone, the firm was ranked 30th among Top US Real Estate Companies and named three times among the nation's top property managers by Commercial Property Executive magazine, placed among the nation's top 10 redevelopers by Chain Store Age, credited as one of the state's top 10 real estate developers by New Jersey Business magazine, and ranked third on NJBIZ's Top Property Management Companies list and fifth on NJBIZ's Top Commercial Real Estate Developers list.

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Source:Levin Management
Industry:Real Estate, Reports
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