The Shops at Liberty Place, a 147,000-square-foot retail destination in Center City, has been listed for sale. The property serves as the retail component of the iconic Liberty Place mixed-use complex. Located at 1625 Chestnut Street, the two-level shopping center anchors a high-traffic urban corridor.

Chicago-based Metropolis Investment Holdings owns the retail property. The firm also owns One Liberty Place, a 61-story, 1.1 million-square-foot office tower. The office tower connects directly to the retail center, creating a fully integrated mixed-use asset.

The retail center is currently 78% occupied. Tenants maintain an average of nearly five years remaining on their leases. This lease stability supports predictable cash flow for potential investors.

Developers originally completed the shopping center in 1990. The retail component followed the development of One Liberty Place shortly thereafter. Rouse & Associates led the original development of the complex. The firm later evolved into Liberty Property Trust. Today, the asset presents a rare opportunity to acquire core retail in Center City Philadelphia.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

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