Club Studio Fitness Expands Into Philadelphia Suburbs With Two New Locations

Club Studio Fitness Expands Into Philadelphia Suburbs With Two New Locations

Club Studio Fitness is expanding into the Philadelphia region with two new high-end gym locations. Specifically, the boutique fitness brand will open in Cherry Hill and Wynnewood.

First, Club Studio will take over 30,240 square feet at Ellisburg Shopping Center in Cherry Hill. The space previously housed BuyBuy Baby. As a result, the gym is expected to open in spring 2027.

Notably, the Cherry Hill location will become Club Studio’s second gym in New Jersey. Earlier this year, the California-based brand opened its first Garden State location in Edgewater.

Meanwhile, another Club Studio location is scheduled to open on the Main Line. The gym will occupy a 50,000-square-foot space at Wynnewood Shopping Center. Previously, the space was home to Bed Bath & Beyond.

The Wynnewood location is expected to open toward the end of 2026. In addition, both shopping centers are owned by Federal Realty Investment Trust.

According to Federal Realty, the addition supports a broader shift toward wellness-focused destinations. Therefore, the gyms will enhance the tenant mix at both centers.

Each location will feature boutique fitness classes and full-service training zones. Additionally, amenities will include juice bars, cryotherapy, red-light therapy, and personal stretch stations.

Beyond these openings, Club Studio plans another Pennsylvania location in Collegeville. Currently, the brand operates about a dozen gyms nationwide and has roughly 20 more in development.

*Article courtesy of Inquirer

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

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Atlas Restaurant Group Expands in Philadelphia With New Rittenhouse Steakhouse

Atlas Restaurant Group Brings The Ruxton Steakhouse to Rittenhouse Square

Atlas Restaurant Group continues expanding its footprint in the Philadelphia restaurant market. Specifically, the Baltimore-based hospitality group will open its second Philadelphia location near Rittenhouse Square.

The new concept, The Ruxton, will operate as a high-end steakhouse inside The Rittenhouse Hotel. Currently, the space is home to Italian restaurant Scarpetta. However, Scarpetta will close after dinner service on January 31.

Following the closure, Atlas Restaurant Group will begin repositioning the property for redevelopment. As a result, the existing restaurant will undergo a complete transformation. Construction is scheduled to begin in fall 2026.

Meanwhile, the project will include a multimillion-dollar renovation funded by Atlas Restaurant Group. Ultimately, the two-story restaurant is expected to open in 2027.

Overall, the new opening will strengthen Atlas Restaurant Group’s presence 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.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Newer Retail Properties Outperform as Philadelphia Market Shifts

Newer Retail Properties Outperform as Philadelphia Market Shifts

Newer retail properties built since 2010 continue to show strong performance across the Philadelphia region. Occupancy rates increase each quarter, even as overall consumer demand slows. Meanwhile, retailers consistently favor modern, high-quality space. In contrast, older retail buildings struggle to retain tenants when market conditions soften. Although consumer spending has cooled in recent years, demand for newer retail space remains steady. Therefore, net absorption data clearly reflects this shift. Since mid-2023, Philadelphia retailers vacated 5.5 million square feet in older properties. However, they leased more than 10.2 million square feet in retail buildings constructed after 2010.

As a result, newer assets continue to capture the majority of market activity. When modern retail space becomes available, tenants move quickly. For example, Thirsty Turtle Tavern signed a lease in December to occupy a 7,860-square-foot restaurant built in 2017. The space had remained vacant for only one year after Chuck Lager Tavern exited. Consequently, vacancy periods for newer properties remain short. In addition, several retailers now choose redevelopment over renovation. Chick-fil-A recently leased a former Rite Aid at 2545 Aramingo Avenue in Philadelphia. The company plans to demolish the 5,190-square-foot building, originally built in 2000. Instead, it will construct a new drive-thru facility designed for modern traffic patterns.

Similarly, Flagship Carwash leased a former CVS at 1351 Wilmington Pike just three months after it closed. The operator plans to convert the 2002 property into a car wash, pending approvals. Overall, the data shows a clear trend. Retailers prioritize newer, adaptable space that supports evolving consumer behavior. Therefore, modern retail properties remain best positioned for long-term stability in the Philadelphia market.

*Article courtesy of Costar

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

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Center City’s The Shops at Liberty Place Up For Sale

The Shops at Liberty Place put up for sale in Center City

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.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Former Fairmount Rite Aid Set for Redevelopment

Fairmount Mixed-Use Project Moves Forward After Rite Aid Closure

A local developer plans to break ground on a new mixed-use project in Philadelphia’s Fairmount neighborhood later this month. The development replaces a former Rite Aid location at 20th Street and Fairmount Avenue.


Yoav Shiffman acquired the property through Rite Aid’s bankruptcy auction, creating a new redevelopment opportunity. The project will deliver 28 apartment units alongside nearly 9,000 square feet of street-level retail space. Developers designed the three-story building to activate the corridor and support neighborhood foot traffic. Construction will span two adjoining parcels at 1924–40 Fairmount Avenue.


Together, the lots total more than 15,000 square feet in a prime urban location. Rite Aid filed for Chapter 11 bankruptcy in October 2023 and again in May 2025. The pharmacy chain closed all remaining stores by October, freeing high-visibility retail sites citywide.

As a result, developers continue to target former Rite Aid properties for adaptive reuse projects. This Fairmount redevelopment reflects growing demand for apartments and neighborhood-serving retail in 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.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Phoenixville Shopping Center Sells for $7.35M

Fully Leased Phoenixville Shopping Center Trades for $7.35M

A fully occupied shopping center in Phoenixville has sold for $7.35 million, according to Chester County property records. The 33,093-square-foot retail property is located at 785 Starr Street.

The center features a diverse tenant mix, including Labcorp, NovaCare Rehabilitation, State Farm, and Benchmark Federal Credit Union. Additional tenants include Habitat for Humanity and Fresenius Kidney Care.

Starr Street Partners, a Pennsylvania-based private investor, sold the property to 785 Starr Street LLC. The buyer is associated with a residential address in Glen Mills.

Built in 2007, the shopping center sits on approximately 3.8 acres. Importantly, the property is located less than one mile from Phoenixville Hospital and downtown Phoenixville.

Additionally, the center benefits from a strong retail setting. The property is shadow-anchored by a nearby Acme supermarket. While Acme was not included in the sale, surrounding tenants benefit from grocery-driven traffic.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Girard Avenue Shopping Center Sells for $10.95M

Abrams Realty buys mostly empty Philadelphia shopping center for $10.95M

A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space.

The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to be maintained at the 2.4-acre site.

The sale price equates to roughly $260 per square foot. Current tenants include AutoZone Auto Parts, The Laundry Café, and 9th and Girard Pharmacy.

The north portion of the site includes a former Bottom Dollar grocery space. The 18,000-square-foot building has remained vacant since 2015.

Abrams Realty & Development focuses primarily on retail properties in the Philadelphia region. Its portfolio exceeds 3 million square feet and includes 20 shopping centers.

The shopping center was developed in 2014 by Soloff Realty & Development and Tower Investments. The project originally featured Bottom Dollar as an anchor tenant. The store was promoted as the Ludlow neighborhood’s first grocery option.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Honeygrow is Focusing on Growth Outside Philly

Honeygrow plans more than a dozen new restaurants in 2026

Future growth for Honeygrow is being focused outside the Greater Philadelphia region. Expansion plans are targeting the Northeast, Southeast, and Midwest markets.

More than a dozen new restaurant locations are planned for 2026. Growth within the company’s hometown has not been ruled out entirely.

Caution is being exercised regarding additional Philadelphia-area locations. Concerns include potential sales cannibalization among existing restaurants. High rental costs have also influenced site selection decisions.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Rally House Plans Rittenhouse Square Store

Rally House plans Center City store in former Rite Aid space

Rally House is planning its first Center City retail location at 17th and Chestnut streets. A filing has been submitted with the City of Philadelphia outlining the proposed store.

An application was submitted to the Philadelphia Art Commission on December 8. Approval is being sought for exterior signage at 1628–36 Chestnut Street. The signage would be installed on the historic Provident Trust Co. building.

The approximately 13,000-square-foot retail space is located across from the Shops at Liberty Place. The space was previously occupied by Rite Aid. The application is scheduled for review by the Art Commission’s Sign and Streetery Committee.

The review is expected to take place at Wednesday’s committee meeting.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Franklin Mills Mall For Sale

Franklin Mills Mall For Sale

Franklin Mall in Northeast Philadelphia is on the market. Many still call it Franklin Mills, but the property has faced years of falling value and shrinking visitor numbers.

The listing highlights potential new uses for the site. These include industrial and office redevelopment. However, the Sam’s Club and Walmart parcels are excluded.

According to the listing, the property offers control of more than 137 acres in a densely populated area. It also notes that the site could support new densification and large-scale redevelopment.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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