Philly Retail Space

Philly Retail SpaceWolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that represents Philly retail space for lease and sale.

We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we go well beyond simply handling property transactions. As an unparalleled Philadelphia commercial real estate broker, we are a strategic partner whose number-one priority is our client’s long-term growth and success in the Philadelphia retail space market.

Retail businesses looking to buy or lease retail space in Philly can be assured that the professionals at our Philadelphia commercial real estate brokerage firm have the expertise to help you find the Philly retail space that best suits your needs. At Wolf Commercial Real Estate, we make certain that the sale or lease terms for your new Philadelphia retail space work to advance your commercial real estate goals. We’re the Philadelphia commercial real estate broker that is with you from the beginning of the transaction to the end, making the transition to your new retail space in Philly smooth and seamless.

Do You Own Philly Retail Space?

Retail property owners looking to sell or lease retail space in Philadelphia will appreciate the defined marketing strategy that the team at our Philadelphia commercial real estate brokerage firm creates and customizes for each property and sub-market. This process works to effectively and efficiently match buyers and tenants with retail space in Philly.

Retail space in Philadelphia is aggressively priced, and market trends show that the retail business in the region is poised for a massive rebound. For more information, please contact the team at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm.

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Jim’s Steaks is buying next-door neighbor Eyes Gallery

Jim's Steaks Philly

Eyes Gallery has sold its original home to neighboring Jim’s Steaks, another iconic South Street establishment. Both small businesses were devastated by a July 2022 fire that originated in electrical wiring at Jim’s.

The cheesesteak spot, which recently shared plans for rebuilding, will expand into the former gallery next door, according to Eyes Gallery owner Julia Zagar — while keeping the artwork on the facade.

“I realized that Jim’s Steaks would actually look really good with a lot of mosaics,” Zagar told Billy Penn.

Some of the artwork — created by famed mosaic muralist Isaiah Zagar, Julia’s husband — needs restoration, and she said the plan is for Philadelphia’s Magic Gardens to assist Jim’s Steaks in that process.

*Article courtesy of Smart News

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Five Beyond conversions for 2023

Five Below offers new details on store expansion, Five Beyond conversions for 2023

Five Below Inc. said it plans to open more than 200 new stores in 2023 and convert 400 stores to its “Five Beyond” format, which features items priced above its traditional $5 threshold.

The Philadelphia-based discount retailer revealed its 2023 expansion plans on Monday as it reported that net sales for the holiday season from Oct. 30 through Jan. 7 increased by 11% to $1 billion from $902 million in 2021. 

The planned openings are part of Five Below’s (NASDAQ: FIVE) “triple-double” expansion plan that includes tripling its national footprint to more than 3,500 stores by the end of 2030 and eventually doubling sales to $5.6 billion. Five Below currently has nearly 1,200 stores in 40 states.

The company opened 40 new stores in the third quarter and announced plans to open 48 stores in the fourth quarter. It has also converted 250 stores to the Five Beyond concept. 

*Article courtesy of Philadelphia Business Journal 

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties www.wolfcre.com.

s for lease or sale through our Philadelphia commercial real estate brokerage firm.

Wawa CEO Reveals Plans for Center City Stores

Wawa CEO reveals plans for shuttered Center City stores, including launch of a tech hub

Wawa plans to open a technology hub at the site of one of its recently shuttered Center City locations, CEO Chris Gheysens said Friday.

Gheysens made the announcement during a panel discussion at the Chamber of Commerce for Greater Philadelphia’s 2023 Economic Outlook event. He told the Business Journal that the Delaware County convenience store chain’s space at 19th and Market streets, which shuttered last fall, will potentially serve as a venue to bring startups together in a “Wawa real-life environment” to provide tech solutions for the company. 

He said the details of the technology hub are still in the works.

The hub could also provide training for young workers to help meet the growing demand for tech talent in the region, Gheysens added. It could be Wawa-specific, or could serve as a more regional, multi-partner venue.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Luxury Mattress Company to Open Brick and Mortar Store in Center City

Luxury online mattress store to open location in Center City Philly

A national luxury mattress retailer is coming to Center City. 

Saatva, based in New York, will debut its ninth retail viewing room at 1712 Walnut St. in Rittenhouse Square on Feb. 13. The location was previously home to a Wells Fargo Bank branch.

The e-commerce brand, founded in 2010, sells mattresses, bedding and other bedroom products online. It is in the process of expanding into bedroom furniture and will offer bedroom rugs later this year. Saatva makes $400 million in total revenue annually, according to co-founder and chief strategy officer Ricky Joshi. Its nine mattress products range in price from $355 for a crib mattress to $4,550 for a split California king. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Jim’s Steaks Eyes Labor Day Reopening

Jim's Steaks Philly

The rebuild of Jim’s Steaks on South Street has finally begun after the building was damaged by a fire in July, and the almost 47-year-old Philadelphia cheesesteak shop is targeting a Labor Day weekend reopening. 

After teasing the new blueprints for the building via Twitter last week, President Ken Silver told the Business Journal Jim’s is currently in the interior demolition phase of the rebuild. Once everything in the building is cleared out, Silver and his team will be able to identify and fix any unknown structural damages before beginning construction on the interior. 

Philadelphia firm Worldwide Restoration LLC is doing the demolition for the project, and Silver has tasked Ambit Architecture, a local architectural firm in Headhouse Square, with the design of the space. Ambit completed the design of Bridget Foy’s, a restaurant and bar in the area that was also devastated by a fire in October 2017.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Primo Hoagies Plans for Expansion to Colorado

Primo Hoagies, Philly Staple Expanding to Colorado

If Texans aren’t sure what a hoagie is, they’ll soon find out.

PrimoHoagies announced plans to expand its franchise locations in 2023 not only to the north and south, but to the west, as well.

The company, which started in South Philly but is now based in Gloucester County, said stores would open in five new states in 2023, bringing its operations to 12 states in all.

“We’re thrilled to kick off the new year by introducing the Primo Difference to Texas, Colorado, Michigan, and Louisiana and, later this year, to Albany, N.Y.,” Nicholas Papanier Jr., owner, president, and CEO of PrimoHoagies, said in the announcement.

*Article courtesy of The Inquirer

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Post Covid – Center City Retail is on Comeback

Center City Comeback

Despite a continued drop in office workers compared to pre-pandemic levels, retail in Philadelphia made strides in 2022.

As of September, 80.5% of retail storefronts were occupied within the Center City District. That put 2022 on pace to become the second consecutive year of net positive openings, according to the district. It also means occupancy rates are closing in on September 2019’s occupancy rate of 89%.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Marshalls to Close Center City Location

Marshalls Clothing Store Center City Closing

The Marshalls at 1044 Market St. is closing, leaving another empty storefront along an increasingly vacant stretch in the heart of Market East. 

The department store will shutter on January 14, according to a spokesperson for TJX, the chain’s parent company. The nearby T.J. Maxx at 1130 Market St., also a part of TJX brands, will stay open. 

“We are always assessing and reviewing our real estate strategies, and our decision to close this store reflects that thinking,” said Andrew Mastrangelo, vice president for communications at TJX, in an email to the Business Journal. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Urbanspace Food Hall Opening in 2023

Urbanspace Philadelphia

Urbanspace, a New York-based developer of public markets, plans to open a food hall at the Schuylkill Yards development in University City next year.

The venue is expected to open in fall 2023 and will feature 16 food and beverage vendors, including concepts both local to Philadelphia and from Urbanspace’s national portfolio. No vendors have been announced yet.

Urbanspace Philadelphia will occupy more than 14,000 square feet of space in the southeast corner of the Bulletin Building at 3025 Market St. It will feature a 13,000-square-foot indoor dining venue and a 1,400-square-foot patio next to the 1.3-acre Drexel Square park. The food hall’s location also offers visitors a view of 30th Street Station directly across the street.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Chase Bank Opens Community Center Branch in Philly

Chase Bank Philadelphia Branch

Chase Bank has now opened 52 branches in the Philadelphia region since entering the retail banking market in 2018, but the latest one is unique.

Opened earlier this month and situated at 15 S. 52nd St. in West Philadelphia, it is more than three times the size of a normal Chase branch and occupies the former home of an original Philadelphia Savings Fund Society (PSFS) Bank location.

The new community-inspired model offers free financial health resources like skills training, local pop-up shops, and fintech innovation for local residents and small businesses. It is one of just 15 such locations across Chase’s 4,700-branch footprint in the U.S. It will be half community center and half traditional bank branch. Among the services it will provide are:

  • Growth support for local entrepreneurs starting or expanding their small business.
  • Mentoring for entrepreneurs and access to a pop-up space to display and sell their merchandise.
  • A new community “living room” area and events space.
  • Workshops to build financial health — including sessions on saving, budgeting and building credit.
  • A free use tech bar space and Wi-Fi for community groups and residents to utilize for remote learning and work.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.