Posts Categorized: Philadelphia office space

Former Flagship Wawa in Center City to be Replaced by Major Tenant

Former Flagship Wawa in Center City to be Replaced by Major Tenant

Chase Bank plans to open a branch in the former Wawa flagship store located at the southeast corner of Broad and Walnut streets in Center City. The prominent site has remained vacant since Wawa decided not to reopen it in 2020 due to ongoing impacts from the Covid-19 pandemic. According to a Chase spokesman, the… Read more »

Six Additional Rite Aid Stores in Philly and Suburbs are Closing

Six Additional Rite Aid Stores in Philly and Suburbs are Closing

The pharmacies at several locations are slated to shut down by the month’s end. The closure includes the Rite Aid at 3000 Reed St. in Grays Ferry, which shut its doors on November 2, 2023. Additionally, three more Rite Aid stores in the city are on track to close soon as part of the company’s… Read more »

Another Wawa Location in Philadelphia is Set to Close

Another Wawa Location in Philadelphia is Set to Close

Another Wawa store in Philadelphia is shutting its doors. A spokesperson for the Delaware County convenience store and gas station chain confirmed to the Business Journal that Wawa did not receive a lease renewal offer for its location at 2000 Hamilton St., near Fairmount and the Philadelphia Museum of Art. The company declined to provide… Read more »

Prominent Mixed-Use Space For Lease

1719 Chestnut Street, Philadelphia, Pennsylvania

Wolf Commercial Real Estate has been appointed as the leasing agent to market 1719 Chestnut Street, Philadelphia, Pennsylvania. The property has +/- 3,300 sqaure feet available for lease. 1719 Chestnut Street is ideal for retail or office users. The property has an open floor layout with three private offices, a conference room, and elevator access…. Read more »

PREIT is Eyeing Apartments on its Mall Properties

PREIT Apartments

PREIT’s plan to gain approval for multifamily developments at six of its mall properties has now swelled to as many as 7,000 apartments, CEO Joseph Coradino told the Philadelphia Business Journal. After selling off more than 20 malls in the past two decades, the Philadelphia company’s strategy has shifted to maximizing its remaining properties by… Read more »

Gap to Close Two-Story Center City Store After More Than 20 Years

Gap Inc. is vacating its store at 1510 Walnut St. in Center City and laying off 32 employees as a result of the closure, according to a Worker Adjustment and Retraining Notification filed with the Pennsylvania Department of Labor and Industry. Gap has been a Walnut Street mainstay, having been in space on the street… Read more »

Amazon Grocery Store Coming to Northern Liberties Project Inc. has signed a lease for one of its new grocery stores in the Northern Liberties neighborhood of Philadelphia, according to sources familiar with the deal. The online retailer has taken 40,000 square feet of 60,000 square feet that is proposed for a new apartment complex at 5th and Spring Garden streets, the sources… Read more »

Crunch Fitness Opens New Location in Philadelphia

International Fitness Chain Inks Deal at Northeast Shopping Center Crunch Fitness, a fitness center chain headquartered in New York, is opening a new location in Philadelphia. The gym has leased 30,619 square feet at Northeast Shopping Center. Located at 9165-9175 Roosevelt Blvd., the center spans 42.5 acres less than two miles from Northeast Philadelphia Airport…. Read more »

Joint Venture Buys Whole Foods-Anchored Shopping Center Near Center City, Philadelphia

Baederwood Shoppes on the Fairway Trades for $43.3 Million A joint venture between Charter Realty & Development Corp. and an open-end institutional fund sponsored by Inland Institutional Capital has purchased Baederwood Shoppes on the Fairway in Abington, Pennsylvania, for $43.3 million, or about $371 per square foot. The 116,778-square-foot center at 1537-1659 Fairway Valley Road… Read more »