The Board of Directors of Levin Management Corporation (LMC) has announced the election of Matthew K. Harding as chief executive officer, to succeed William A. Farber. The Board also elected Robert Carson to the office of president of the corporation.
Harding, affiliated with the North Plainfield-based commercial real estate services firm since 1986, began his career in the leasing division of the company and has been promoted from the office of president and chief operating officer. Carson joined with LMC in 1992 and has concentrated his efforts in property management and business development functions. Prior to this promotion, he was executive vice president. Farber, a co-founder of LMC with Janice H. Levin, and chief executive officer since 2002, will remain in the active service of the company, assuming the title of chairman.
The advancements of Harding and Carson take place following a record year of growth in new business and transactional volume.
“This is an exciting time at Levin Management,” said Harding. “Following a sustained period of company expansion, these organizational advancements capitalize on the breadth and depth of our seasoned managerial team. The changes taking place here also reflect our firm’s commitment to leadership continuity as we continue to provide clients with the highest quality service and plan our future success.”
Highlighting the company’s record portfolio growth over the past 24 months, LMC was awarded 14 new agency assignments encompassing more than 2.8 million square feet in four states. Additionally, the firm is experiencing its healthiest leasing volume in recent years, reflecting the overall viability of bricks and mortar retail.
As the outgrowth of Levin Properties, a pioneering development organization that created an extensive suburban retail real estate portfolio beginning in 1952, LMC is celebrating 67 years of progress in 2019. This impressive achievement in the perpetually fluid and competitive commercial real estate industry is punctuated by a diversified, 15 million-square-foot portfolio of 105 properties concentrated in the Northeast and Mid-Atlantic states. Many of the firm’s retail assets have served as leaders in their markets for decades. This includes New Jersey’s first open-air center, the Levin-developed, still-thriving 260,000-square-foot Somerset Shopping Center in Bridgewater.
Through the years, LMC has distinguished itself as a firm large enough to excel in assignments of any scale while continuing to employ a hands-on, proprietary approach in every facet of its business. The firm today offers leasing, property management, financial management and reporting, construction and development, lease administration, marketing services, and acquisition and disposition consulting services.
LMC helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value. As a trusted single-source commercial real estate services provider for institutional and private owners, the company specializes in repositioning, retenanting and renovating real estate – areas that have become particularly vital in an increasingly competitive market. LMC’s capabilities continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.
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