Indoor mini golf venue takes 26,000 square feet at the Shops at Liberty Place

Puttshack, an indoor miniature golf experiential retailer, has leased 26,000 square feet at the Shops at Liberty Place, filling a block-long stretch of vacant space in Center City. 

The space at 1625 Chestnut St. will include four mini golf courses, two full-service bars and a full dining menu. Expected to open in 2023, it will provide a destination that has the potential to bridge the gap between Center City’s residential and office markets. Puttshack will also provide an entertainment venue for tourists and draw visitors from across the region.

*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.

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Developer buys historic property with plans for mixed-use complex

A developer has purchased an historic building at 6th Street and Girard Avenue in Philadelphia for $1.5 million and plans to develop what was originally known as Farmers’ Market House & Hall into a mixed-use complex. 

The sale of the prominent property at 527-37 Girard Ave. took more than two years to get done — twice as long as expected — because of the Covid-19 pandemic and the building’s nomination to be on the Philadelphia Register of Historic Places, a designation that added a level of unexpected complexity. 

*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.

Amazon Fresh supermarket to open in Delaware County amid ongoing expansion

Amazon Fresh

An Amazon Fresh grocery store, the burgeoning supermarket concept from the e-commerce giant, is expected to open in the near future at a shopping center in Delaware County.

Signage for the grocery store went up this week at the Broomall Commons Shopping Center, 2940 Springfield Rd., next to the Planet Fitness and PetSmart stores.

*Article courtesy of Philly Voice

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.

Bucks County’s Shops at Valley Square sells for $60M

Lamar Cos., a New Jersey real estate company, has paid a bargain price of $60 million to buy the Shops at Valley Square, a 293,550-square-foot mixed-use lifestyle center in Warrington that is 70% occupied. 

The last time the property traded was in 2016 when a partnership involving Poag Shopping Centers of Memphis, Tennessee, and a real estate fund overseen by Ares Management of Los Angeles, paid $82 million. 

*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.

Wawa considering adding stores with gas pumps closer to Center City

Wawa is “still active in the city,” CEO Chris Gheysens said, despite some high-profile Philadelphia store closures during the pandemic that included the landmark location at Broad and Walnut streets and the outpost at 9th and South streets. 

“We have closed some stores and I think it’s a reflection of, in some cases, bad site location. Others [it’s] just the business, the environment there wasn’t for us,” Gheysens said. “It has, to be clear, gotten more challenging to operate a business in the city. That’s no surprise.”

Plans also recently fell through for a Super Wawa proposed at 1401 S. Columbus Blvd. as part of developer Bart Blatstein’s large-scale redevelopment along the Delaware River waterfront. 

*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.

Wharton Realty Group buys two Philadelphia-area retail centers in separate deals totaling roughly $140M

Wharton Realty Group has made two retail acquisitions, buying Deptford Landing, a power center in Deptford, New Jersey, and Exeter Commons, a grocery-anchored center in Reading, in separate transactions that settled at roughly $70 million each. 

The two retail centers were sold by ShopCore Properties, which is a division of Blackstone Group. They properties add to Eatontown, New Jersey-based Wharton’s growing Philadelphia-area holdings, including Glenolden Plaza and One & Olney Square. 

*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.

Federal Donuts lands equity investment from NewSpring to fuel major Mid-Atlantic expansion

Federal Donuts, South Philly

Local favorite Federal Donuts is looking to add dozens of new locations throughout the Mid-Atlantic region and beyond after receiving a growth equity investment from Radnor-based NewSpring. 

The capital infusion comes from the Main Line private equity firm’s NewSpring Franchise arm, which focuses on growing what it identifies as innovative, multi-unit concepts. 

As part of the transaction, NewSpring has acquired an equity stake in the donut and fried chicken concept, which was launched in South Philadelphia in 2011 by the team of CEO Tom Henneman, CookNSolo restaurant group co-owners Steve Cook and Michael Solomonov, Felicia D’Ambrosio, and Bob Logue. 

Both companies declined to disclose terms of the deal. 

*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.

New ALDI Coming to The Quartermaster at 21stand Oregon

Aldi, Philadelphia

Aldi, a German-based grocery chain will develop a brand new 22,000 square foot prototype store on a pad site within The Quartermaster campus at 21st and Oregon Avenues. Expected to break ground this quarter and open by the end of 2022, the new Girard Estates Aldi Supermarket will become the chain’s 12th location in the City of Philadelphia.

In addition to the leasing activity within the redeveloped Quartermaster campus, the overall neighborhood is bustling with new energy. Adjacent retail centers Quartermaster Plaza and South Philadelphia Shopping Center are currently undergoing substantial redevelopment and rebranding as South Quarter Crossing which will create up to 800,000 square feet of retail and 280 new residential units.

*Article courtesy of CityBiz

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.

Five Below Looks To Triple Its Store Count to 3,500

Five Below Philadelphia

Discount retailer Five Below is aggressively ratcheting up its growth plans, looking to triple its store count to 3,500 by the end of 2030 and double its sales by 2025 as it creates a shopping experience that caters to younger customers.

The Philadelphia-based chain, which now has 1,190 stores in 40 states, unveiled its “Triple-Double” strategy Wednesday at the company’s first investor day event. The retailer said it aims to open about 1,000 more stores by the end of fiscal 2025 alone. In addition, the company reported its fiscal fourth-quarter earnings and gave Wall Street analysts a tour of its newest store prototype, the latest iteration of what has typically involved increasing the square footage at a typical brick-and-mortar site.

Five Below targets tweens, generally considered those 9 to 12 years old, and teens with an array of toys, candy, tech accessories and gadgets, bedroom decor, sports items and other merchandise that they can play with or “experience,” priced from $1 to $5. The idea is to offer young shoppers a venue where they can “treasure hunt” and spend their allowances, CEO Joel Anderson said. That’s something online shopping can’t provide. 

*Article courtesy of Costar

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 shuttering 2 more suburban Philadelphia branches

Wells Fargo has announced plans to close 11 more branches, including two in the Philadelphia region and another in the Lehigh Valley.

The affected locations cited in a March 15 filing with the Office of the Comptroller of the Currency are:

  • 120 N. Pine St., Langhorne
  • 1110 Chester Pike, Sharon Hill
  • 29 Trembley Drive, on the campus of Lehigh University in Bethlehem

The latest filing brings Wells Fargo to 49 announced closings this year and 66 locations actually shuttered almost a quarter of the way through 2022. The bank closed 311 last year after consolidating 329 of its 5,200 locations in 2020. CEO Charles Scharf told investors in July 2020 that the bank needed to shave $10 billion, or about 20%, off its annual cost base to rival efficiency at other banks.

*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.