David’s Bridal Laying Off More Than 9,000 Employees

David's Bridal Laying Off More Than 9,000 Employees

David’s Bridal is laying off more than 9,000 workers, including many in the Philadelphia region, and the company may be sold.

The Conshohocken-based wedding gown chain said in a notice to the Pennsylvania Department of Labor and Industry that it would be laying off 9,236 people across the United States. A specific number for Pennsylvania was not available as of Friday.

“We are evaluating our strategic options and a sale process is underway. At this time, there are no updates to share,” spokesperson Laura McKeever said.

*Article courtesy of The Inquirer

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Sporting Club Reopening After 3 Years at the Bellevue

Sporting Club at the Bellevue reopening after three years with extensive renovations and new golf pavilion

The Sporting Club at The Bellevue has set a planned reopening date after being closed for most of the last three years due to pandemic-related shutdowns and renovations. 

The 110,000-square-foot Center City fitness center plans to reopen in July, according to Fran Cassidy, the general manager. Cassidy said the high-end club aims to starting giving tours to prospective members in June, but the first glimpse into the updated facility will go to former members.

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Target Closing Center City Philadelphia Location

Center City Target Closing Store Location

Target Corp. is closing its store at 12th and Chestnut streets in Center City nearly seven years after opening the location. 

The company said it will shutter the 19,000-square-foot Washington Square store due to several years of declining performance. The store, one of Target’s small-format locations, is scheduled to close May 13. 

Target (NYSE: TGT) also cited two nearby stores in Rittenhouse Square and at Broad and Washington as better performing locations.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Rita’s to Open 40 Stores, Adding More Drive-Thrus

Rita's to open 40 stores, add drive-thrus and new Italian ice flavors

Rita’s Italian Ice & Frozen Custard plans to open 40 new locations and add a new product line this year.

The company, headquartered in Trevose, will expand into Missouri and add to its presence in Midwest states such as Illinois, Texas and Oklahoma. Rita’s CEO Linda Chadwick said that although the brand is primarily regional, it has seen steady growth along the southern stretch of I-95. 

Rita’s stores, which opened for the 2023 season on March 1, are 100% franchisee-owned. The brand, founded in Bensalem in 1984, currently operates in 31 states and has more than 550 shops worldwide. 

For its 31st annual First Day of Spring celebration on March 20, Rita’s will debut a new Gummy Bears flavor along with the free Italian ice it typically gives away for the occasion. The brand will roll out more new flavors this summer and debut a frozen coffee line in April that was tested at several stores last year. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Love & Honey Fried Chicken Launches Franchising Efforts With Plans New Locations

Love & Honey Fried Chicken Philadelphia

A popular Northern Liberties fried chicken eatery has launched its first franchising efforts after almost six years in operation, with plans to open up to a half-dozen new locations. 

Love & Honey Fried Chicken, located at 1100 N. Front St., announced the news via social media on Monday. The brand has already received interest from dozens of potential franchisees in the two days since, according to Todd Lyons, who owns the fried chicken concept with his wife Laura. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Wells Fargo Closes 3 Branches in the Philadelphia Area

Wells Fargo CLosing Philadelphia

Wells Fargo & Co. has closed three Philadelphia-area bank branches and filed to close three more. 

According to filings this month with the Office of the Comptroller of the Currency, San Francisco-based Wells Fargo (NYSE: WFC), formally closed locations at 6611 Castor Ave. in the Oxford Circle section of Northeast Philadelphia, 8527 Germantown Ave. in Chestnut Hill and 2740 W. Ridge Pike in Trooper. The bank filed to close all three in November.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Famous 4th Street Deli Lists for Sale

The 100-year-old Famous 4th Street Delicatessen in Queen Village is officially being listed for sale with an asking price of $5.95 million. 

The listing for the Jewish deli on Feb 15. Although MPN does not include an asking price on its listing, a cross-posting on online commercial real estate marketplace Crexi shows the three-story property is being marketed for $5.95 million.

The sale includes both the 7,263-square-foot building at 700 S. 4th St. and the popular business, along with all of its current furniture, fixtures and equipment. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Chase Bank to Open 30 Branches in Philadelphia

Chase Bank Philadelphia Branch

Jennifer Roberts started her current role as CEO of JPMorgan Chase’s consumer banking division in March 2021 while the nation’s largest bank was two years into a bold plan to add 400 new locations in 20 new markets over five years, including 50 in the Philadelphia region. As the bank nears the end of its original timeline, it has already exceeded its local and national goals and has bold plans for the future. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Insomnia Cookies is Launching Global Expansion

Insomnia Cookies Launch Global Expansion

Insomnia Cookies has launched global expansion efforts for the first time in the 20-year-old company’s history, with plans to open stores in Canada and the United Kingdom this summer. 

The Philadelphia-headquartered cookie and dessert retailer’s international presence will start with one store in the Toronto area and two in Manchester, UK. Over the next few years, founder and CEO Seth Berkowitz said Insomnia plans to open 50 to 100 locations in both countries over the next few years. 

“We believe there is plenty of opportunity to continue growing in both markets,” he said. 

Insomnia decided to expand globally after market research showed international interest in the brand, Berkowitz said. The company chose the locations based off of positive consumer feedback it received for its products in each area. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

PREIT is Eyeing Apartments on its Mall Properties

PREIT Apartments

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 converting uses and selling underused land adjacent to the malls.

In the Philadelphia area, PREIT is working toward building a total of 1,400 apartments on its land at the Moorestown Mall, Plymouth Meeting Mall, Willow Grove Park and Exton Square properties. That includes 375 apartments at the Moorestown Mall that are already under construction. PREIT is in the process of gaining approvals at the other three properties.

*Article courtesy of SmartNews

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.