As many retailers struggle during the pandemic and against online competition, Five Below Inc. has defied both challenges and has seen sales rise, new stores open and its share price climb back up to pre-pandemic levels. The Philadelphia-based discount retailer opened a record 63 new stores in the second quarter and by the end of… Read more »
Wolf Commercial Real Estate, the foremost Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, now is offering premier Philly retail space for lease at 925-927 South Ninth Street Philadelphia PA. This Philly retail building for lease has an excellent location in the heart of the city’s iconic… Read more »
A flurry of activity was underway this week in preparation for the opening of a new Acme at 40th and Walnut streets in the University City neighborhood of Philadelphia. Three years ago, Acme Markets signed a long-term lease with the University of Pennsylvania on 34,500 square feet that had once been occupied by Fresh Grocer,… Read more »
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.com 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 »
Kent Gushner was at home the evening protests turned into looting, violence and vandalism in Center City. He watched the scene unfold from security cameras installed at Boyds, one of Philadelphia’s oldest and vaunted retailers. Glass doors and windows from his family-owned store at 1818 Chestnut St. were broken and marauders plundered any items they could get… Read more »
Wolf Commercial Real Estate, a leading Philly commercial real estate broker, is now offering premier Philly retail space for sale at 1223 West Lincoln Highway Langhorne PA. The asking sale price for this Philly retail space is $1,200,000. This Philly retail space is available through Wolf Commercial Real Estate, a Philly commercial real estate broker… Read more »
Paramount Realty Services of Lakewood, N.J., has purchased Columbus Crossing, a 140,418-square-foot shopping center in Philadelphia for roughly $40 million. Anchored by T.J. Maxx, HomeGoods and Ulta Beauty, Columbus Crossing was fully leased at the time of sale. In another, separate transaction, Bensalem Crossing also recently sold for $11.5 million and highlights how investors continue… Read more »
Amazon.com Inc. is reportedly closing in on three Philadelphia locations for its new chain of grocery stores with two sites being eyed in Bucks County and at least one in Center City with the goal of opening them by the end of the year. The Philadelphia region is competitive when it comes to vying for… Read more »
While it’s no surprise foot traffic at the region’s malls, power centers and retail strips fell during the stay-at-home orders throughout the Philadelphia region, an analysis by CBRE Inc. found it dropped by more than 66% between March 13 and March 27. Foot traffic bottomed out at 50% on April 12, which was Easter Sunday…. Read more »
