
Commack, NY Commercial real estate services firm Levin Management Corp. (LMC) has secured four new tenant commitments totaling 14,900 s/f at Mayfair Shopping Center. The leasing activity will bring three new dining tenants and a popular specialty food store to the property.
LMC serves as exclusive leasing and managing agent for the 222,000 s/f retail destination, situated on Jericho Tpke. east of the Sunken Meadow Pwy. E.J. Moawad, LMC leasing representative, negotiated the recent transactions on behalf of the property ownership.
The latest leases include:
“Great things are happening at Mayfair Shopping Center,” said Moawad. “These new tenants are led by well-established business operators that are experienced at picking successful locations and saw the advantages of this property. Despite a retail environment that is still challenging, these transactions underscore the fact that well-located, quality properties like Mayfair Shopping Center remain in high demand.”
The four leases follow a recent 20,000 s/f commitment at Mayfair Shopping Center by Planet Fitness, one of the largest and fastest-growing global franchisors and operators of fitness centers in the United States.
Mayfair Shopping Center’s lineup of national and regional tenants includes Big & Tall, Capital One Bank, D’Ore Jewelers, Jos. A. Bank, Loft, Music & Arts, Northwell Go Health, Original Brooklyn Pizza, Outback Steakhouse, Prato 850, Rite Aid, Sherwin Williams, The Tutoring Center, Tropical Smoothie and Verizon Wireless, among others.
Mayfair Shopping Center serves a growing residential population of more than 200,000 people within a five-mile radius. The marketplace offers an average household income of more than $145,000, and more than 23,000 vehicles pass the center each day.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.