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 »
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 »
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 »
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 »
Philadelphia-born Federal Donuts and Chicken is set to expand its presence with three new locations in Delaware and Montgomery counties, marking the beginning of its national franchising efforts. The beloved chain, known for its fried chicken, donuts, and coffee, will open stores at 200 Radnor Chester Road in Radnor, 4021 Welsh Road in Willow Grove,… Read more »
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 »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2932 Haddonfield Road, Pennsauken, NJ 08110. The Pennsauken property is available for sale. The property holds +/- 2,252 sqaure feet situated on 2.78 acres that could be utilized by land and retail… Read more »
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 »
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’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 »
