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 »
Sprouts didn’t immediately respond to a request for more information on the upcoming store and when it might open. The Quartermaster Plaza and South Philadelphia Shopping Center are in the process of uniting and rebranding under new ownership, with a $250 million redevelopment plan that includes 800,000 square feet of commercial space and 280 new… Read more »
An application by Amazon Retail LLC for a Pennsylvania liquor license to be used at a space at Red Lion Plaza in Northeast Philadelphia points to a new Amazon Fresh grocery store opening in the retail center. In addition, a leasing brochure marketing vacant spaces in the center shows that a 43,825-square-foot store once occupied… Read more »
Pennsylvania Real Estate Investment Trust will relinquish much of its involvement in Fashion District Philadelphia beginning Jan. 1, leaving its partner in the project, Macerich Cos., to control the operations and make decisions involving the Philadelphia retail center, according to Securities and Exchange Commission documents filed by PREIT. The arrangement arose as part of… Read more »
A month after filing for Chapter 11 bankruptcy protection, the U.S. Bankruptcy Court for the District of Delaware approved a pre-packaged restructuring plan for Pennsylvania Real Estate Investment Trust on Monday. The Philadelphia company expects to emerge from bankruptcy in early December, later than its initial expectation to be done with the proceedings by the… 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 »
Local Apparel Retailer Signs Large Industrial Lease Jako Enterprises, a local apparel retailer, leased Ricatto Property Management’s 4-Star warehouse in Philadelphia. The 201,456-square-foot facility at 7601 State Road comprises 16 loading docks, one drive-in bay, 60- by 55-foot column spacing and a 26-foot clear ceiling height. Built in 1968 and renovated in 1977, the building… Read more »
January 10, 2019 WCRE is proud to have exclusively represented THIRD FEDERAL S L ASSOCIATIONd/b/a BB&T Bank in the sale of 2601 Orthodox Street, Philadelphia, Pennsylvania to a private investor, James Mayberry. 2601 Orthodox Street is a +/- 3,456 square foot free standing property situated on +/- 0.05 acres. This well located building is a corner property… Read more »
