Jake Frantzman, Levin's senior leasing representative, negotiated the lease. The tenant was represented by Mike Horne of CBRE.
"North Village Shopping Center's coveted Middlesex County address near numerous business and industrial parks, as well as its proximity to Rutgers University and other institutes of higher education, makes it an ideal location for Staples' New Jersey expansion," said Frantzman. "We expect this retailer to add significant value to the shopping center, as well as to the surrounding community."
Through its world-class retail, online and delivery capabilities, Staples lets customers shop however and whenever they want, whether it's in-store, online or from mobile devices. Staples offers more products than ever before in categories such as technology, facilities and break room supplies, furniture, safety and medical supplies, and copy and print services. Headquartered outside of Boston, Mass., Staples operates throughout North and South America, Europe, Asia, Australia and New Zealand.
With its enviable lineup of national and community tenants, North Village Shopping Center is a dominant local shopping destination. Anchored by Bed Bath & Beyond (32,000 SF), Barnes & Noble (25,000 SF), Michael's (24,000 SF) and Eastern Mountain Sports (13,000 SF), other retailers include Panera Bread, Smashburger, Chili's, A & G Fine Foods and Rossopomodoro Ristorante. The center serves a residential population of almost 250,000 people within a five-mile radius. The marketplace offers an average household income of more than $92,000 and the daily traffic count exceeds 99,500 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.