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MC's CEO Matthew Harding credits the company's banner year in 2024 to well-capitalized landlords and service providers seizing industry momentum. The North Plainfield, N.J.-based Levin Management Company (LMC) implemented $78 million worth of redevelopment projects last year, its biggest building year in 70 years.

    Strong leasing activity drove LMC's growth, with the company signing 4.6 million sq. ft. of new leases over the past four years. "Tenants are rising to the demands of a shifting industry," Harding said, noting that landlords are adapting by strengthening their tenant mixes with exciting brands and diverse uses.

    Recreation and fitness were standout sectors for LMC in 2024, with leases signed by Ace Pickleball Club, Planet Fitness, KidStrong, and Club Pilates. The apparel sector also saw a comeback, with J.Crew Factory and DXL Big + Tall signing deals. Food and beverage tenants continued to expand, including Raising Cane's Chicken Fingers, Dave's Hot Chicken, and Tropical Smoothie Café.

    LMC's redevelopment efforts were fueled by commitments from Target in late 2023. At the West Orange Plaza in New Jersey, the company launched center-wide renovations, including a new 8,400-sq.-ft. building and a 5,500-sq.-ft. addition to an existing outparcel structure. "We're seeing the momentum redevelopment generates firsthand in sustained leasing interest among top retailers," Harding noted.