The Sears department store at Willow Grove Park Mall in Montgomery County will end a run of more than three decades when it closes for good in the coming months. The closure also will erase the once-dominant department store’s last full-service presence in Pennsylvania, a notable checkpoint in the long-term decline that has seen the… Read more »
AFC Fitness has leased 42,000 square feet at 555 Lancaster Ave. in Radnor and will backfill space vacated by Philadelphia Sports Club. The local owner and operator of fitness facilities in Bala Cynwyd and Feasterville expects to open the new location in June after a more than $4 million renovation that revamps the space to… Read more »
Developer Bart Blatstein has decided to shelve a controversial plan for a Super Wawa that would have fronted the Delaware River along South Columbus Boulevard in Philadelphia and will instead build an expanded retail center without the convenience store. “I’m not going to pursue Wawa and the litigation on Delaware Avenue,” Blatstein said in an interview. His… Read more »
A New York investor has paid $5.34 million for 1617 Walnut St., a two-story building in the center of Philadelphia’s High Street retail corridor. The nearly 7,000-square-foot building was put up for sale in late 2019 by a local family who had it in a trust and listed for $7.5 million. The price that it… Read more »
Two area shopping centers, one anchored by a Wawa and the other shadow anchored by a Home Depot, have traded. Valley Forge Investment Corp. sold Warrington Plaza, an 87,581-square-foot retail center at Easton and Street roads in Warrington, for $22.5 million. Realty Resource Capital bought the center that counts Avalon Floor & Tile as a… Read more »
Realty Resource Capital Corp. has purchased Warrington Plaza, a fully occupied shopping center in Warrington, Pennsylvania, for $22.5 million. The Woodbury, New York-based real estate investment and commercial financing firm acquired the shopping center from Valley Forge Investment Corp. Located at the intersection of Street and Easton roads, two of the busiest commercial arteries in… Read more »
Philadelphia, wistful for pre-pandemic life, began to embrace its current state of affairs last December by adapting with streeteries for outdoor dining and repairing and reopening shops that had been vandalized during civil unrest sparked by the murder of George Floyd. In the year since the residential population and the return of college students helped… Read more »
As supermarket chain Giant continues its expansion in Philadelphia, one of its most anticipated new stores celebrated its grand opening in Center City on Thursday. The Carlisle-based company opened its fourth Giant Heirloom Market at 801 Market St. inside the former home of the Strawbridge & Clothier department store, which had a long run beginning… Read more »
An entity affiliated with Centrum Partners of Chicago sold for $10.8 million a 10,000-square-foot retail condominium leased on a long-term basis to CVS Pharmacy in the Old City neighborhood of Philadelphia. It bought the commercial condo at 259 Market St. in 2015 for $10 million. The buyer this time around is a Lafayette, Indiana, entity… Read more »
Philadelphia restaurant owners are trying to determine how the new citywide Covid-19 vaccination mandate for indoor dining will impact operations after local officials announced the policy on Monday morning. For months, Philadelphia eateries could choose either checking guest vaccination cards or requiring masks when not eating or drinking. But starting Jan. 3, local restaurants must require… Read more »
