Amazon is on the verge of doubling the count of Amazon Fresh grocery stores in the Philadelphia region after facing significant delays in launching new outlets. The e-commerce leader is progressing with the opening of an Amazon Fresh store in Bensalem, as stated by a company representative to the Business Journal. Job listings for the… Read more »
Raising Cane’s Chicken Fingers is set to significantly expand its presence in Greater Philadelphia over the next three-and-a-half years, with plans to open 12 additional restaurants in the region by 2027. Since May 2022, the Baton Rouge, Louisiana-based chain has already launched 10 locations in Greater Philadelphia, with another six confirmed and additional areas under… Read more »
The new owners of Neshaminy Mall intend to demolish approximately half of the property and initiate a redevelopment project that integrates various uses complementary to the existing retail. Paramount Realty and Edgewood Properties, in a joint venture announced Monday, acquired the half-vacant Bucks County mall for $27.5 million from Brookfield Properties, according to industry sources…. Read more »
The owner of Philadelphia Mills, Simon Property Group Inc. is in talks to surrender the Northeast Philadelphia mall to its debtholders. According to CMBS reports, Simon Property Group is looking to transfer ownership to the CMBS trusts holding the four notes of its $290 million loan, which matured in June. The noteholders have ordered third-party… Read more »
David’s Bridal will relocate from its longtime corporate headquarters in Conshohocken next month, paving the way for a new residential development on the site. The wedding dress retailer is moving from 1001 Washington St. to 630 Allendale Road in King of Prussia on August 1, according to a company spokesperson. The new headquarters will allow… Read more »
TD Bank, the U.S. subsidiary of Toronto’s TD Bank Group (NYSE: TD) based in Cherry Hill, plans to close 20 additional branches, including one in Bucks County, as part of its strategy to build the “bank of the future.” This filing with the Office of the Comptroller of the Currency brings TD’s total closures this… Read more »
Trader Joe’s plans to open its fourth store in Montgomery County this year. The popular grocery chain will open at 224 W. Dekalb Pike in King of Prussia, according to its website. While no exact opening date has been set, the company stated it is “working hard so we can open our doors in 2024.”… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2315-2319 North Broad Street, Philadelphia, PA 19132. The Philadelphia property is available for sale. The property holds +/- 12,789 square feet on .33 acres, that could be utilized by opportunity zones and… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 526 Cinnaminson Ave, Palmyra, NJ 08065. The Cinnaminson property is available for sale. The property holds +/- 1,000 square feet on .13 acres, that could be utilized by retail users. Features of… Read more »
Five Below is set to take over a 10,000-square-foot space on South Broad Street that was formerly occupied by a Rite Aid drug store. The Philadelphia-based discount retailer received zoning permits on Friday to begin fit-out work on the space at 810 S. Broad St. Rite Aid put the lease at the corner of Broad… Read more »
