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.

Northeast Philly Shopping Center Bought for $30.8M

Jeff Brown and family pay $30.8M for ShopRite-anchored center in Northeast Philadelphia

An affiliate of Brown Real Estate has purchased a Northeast Philadelphia shopping center for $30.8 million. The site is anchored by a ShopRite supermarket.

This ShopRite is one of 12 locations run by Brown’s Super Stores. With the acquisition of the Shoppes at Wissinoming, the Brown family now owns both the store and the 98,000-square-foot center. They also own real estate for their Cheltenham and Roxborough stores.

Moreover, the sale reached $314 per square foot, far above this year’s regional average of $220 for grocery-anchored centers.

The shopping center is located at 5597 Tulip St. near Harbison Avenue. Arctrust developed the property in 2018.

It remains 98% occupied by original tenants such as Super Wawa, Popeyes, and AT&T.

*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.

Center City Welcomes 27 New Stores

Center City to welcome 27 new stores as rising foot traffic boosts retail

Center City’s retail corridors continue to shift as new businesses arrive and pedestrian activity rebounds. The Center City District 2025 Retail Report highlights 130 new openings over the past year. These businesses span dining, retail and service uses from Vine Street to South Street.

The openings arrive as downtown foot traffic improves. Core Center City, defined as the area between Vine and Pine streets from river to river, averaged 343,540 pedestrians per day. This figure represents a 3.4% increase year over year.

Rittenhouse Row led all corridors with a 9% gain in average pedestrian volume. Additionally, Midtown Village posted a 7% increase. West Market followed with a 4% rise as more employees returned to nearby offices. Even Market East, long challenged, recorded a 1% uptick in daily activity. The findings reflect Placer.ai data analyzed by Center City District.

Storefront occupancy reached 84% in 2025, up 1% from last year. However, performance varied along several key streets. Market Street reached only 68% occupancy, including 72% east of Broad Street and 62% west of Broad. Chestnut Street posted a 79% rate, with stronger occupancy west of Broad. Walnut Street led the group with an 86% occupancy rate.

*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.

Saks to Close Two Philly Locations

Saks Off 5th to close 2 Philadelphia-area stores

Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets.

The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an internal review aimed at concentrating resources on stronger-performing and higher-growth markets, according to a report by Women’s Wear Daily.

A representative for parent company Saks Global confirmed the closures, expected to take effect in January, describing them as part of a broader strategy to “optimize our Saks Off 5th footprint by enhancing performance and improving the overall customer experience.”

*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.

Quarry Center Changes Hands in $80M Retail Deal

Quarry Center Changes Hands in $80M Retail Deal

A major retail property in Havertown, Delaware County has changed hands in one of the region’s largest suburban shopping center sales this year.

The 222,500-square-foot Quarry Center has been sold by Eureka Ventures to Ohio-based Mid-America Management Corp. The transaction completed roughly four months after the property hit the market.

Mid-America Management, a Cleveland-based firm with a $1B portfolio, expands its East Coast presence with Quarry Center.

Built in 2013, the fully leased 31-acre property at 116 Township Line Road is co-anchored by Giant and Lowe’s. Together accounts for approximately 77% of the center’s income. Other national tenants include Xfinity, Panera Bread, and Chipotle.

*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 Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

Former Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

A portion of the Plymouth Meeting Mall fronting Germantown Pike—formerly home to Macy’s—has been sold for $14.3 million to 500 Germantown Partners LLC & ET A, an entity tied to Goodman Properties of Jenkintown. The transaction closed on September 2nd.

While PREIT remains the main landowner of the overall mall property, this section was privately owned since 1988 by entities now known as Bayview Associates & Esan, LLC.

The property underwent a major redevelopment between 2017 and 2019 after Macy’s closure and now features a strong retail mix including Dick’s Sporting Goods, Burlington, Miller’s Ale House, Edge Fitness, Michaels, and Ideal Image, with one remaining vacancy in the former Real Fruit space.

*Article courtesy of More Than The Curve

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.

Abrams Realty Plans Major Redevelopment of Berkshire Mall

Philadelphia-area developer plans to demolish, redevelop Wyomissing's Berkshire Mall

Abrams Realty & Development is set to acquire the Berkshire Mall in Wyomissing, with plans to demolish most of the aging 910,000-square-foot property and redevelop the 59-acre site into new open-air retail space.

The mall, currently owned by Namdar Realty Group since 2020, has struggled in recent years, with nearly half of its space vacant and growing calls from local officials for reinvestment.

Developer Peter Abrams, owner of the Elkins Park-based firm, said the redevelopment will retain only the Boscov’s department store, while the rest of the mall will be replaced by new retail construction, marking a complete transformation of the 55-year-old shopping center. Unlike other Abrams projects, the plan will exclude any residential components, focusing solely on revitalizing the retail landscape.

*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.

Chase Bank Expands Footprint Across Greater Philadelphia

Chase Bank Expands Footprint Across Greater Philadelphia

Chase Bank is accelerating its growth strategy in the Philadelphia region with a major retail expansion set for the end of 2025. The financial institution plans to launch seven new branches in southeastern Pennsylvania during the fourth quarter, along with five additional openings in nearby markets, including its first two in Berks County.

These additions follow three earlier branch openings this year, bringing Chase’s total 2025 openings to ten and increasing its regional branch count to 78. Looking ahead, the bank intends to add 20 more branches in 2026, aiming to reach 100 locations across the market by 2027.

Recent new sites include Rodin Place in Philadelphia, Pennell Road in Aston, and Levittown Town Center, with a fifth Lehigh Valley branch now operating on North Cedar Crest Boulevard in Allentown.

A Chase spokesperson noted the expansion reflects the bank’s commitment to increasing accessibility and strengthening community presence throughout the region.

*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.

Jordan Brand’s First U.S. “World of Flight” Lands in Philadelphia

Jordan Brand’s First U.S. “World of Flight” Lands in Philadelphia

Jordan Brand is bringing its globally celebrated “World of Flight” concept to the United States for the first time — and it’s choosing Philadelphia as the launchpad.

Set to open on October 10 at 1617 Walnut Street, the new retail destination will immerse fans in the legacy and lifestyle of the iconic brand. Spanning approximately 7,000 square feet across two levels, the store will feature exclusively Jordan-branded apparel, footwear, and accessories, all within a space that honors the culture and history of basketball.

Located in the heart of Rittenhouse Square’s premier shopping corridor, the early 20th-century building will now showcase the signature Jumpman logo, marking a new chapter for both the brand and Philadelphia’s retail scene.

*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.