Two Fishtown Properties Sell for $17.2M

Two Fishtown Properties Sell for $17.2M

Two prime Fishtown commercial properties with redevelopment potential have sold for a total of $17.2 million, according to property records. The site of Other Half Brewing Co. at 33-51 Laurel St. was sold for $10 million, while an industrial property at 53-67 Laurel St. fetched $7.2 million. The adjacent properties, located between I-95 and Delaware Avenue next to the Fillmore Philadelphia and Brooklyn Bowl, were purchased by separate LLCs linked to the same Old City address at 114 Chestnut St. Local real estate firm Core Realty previously occupied this address but is not involved in the transactions, according to a company spokesperson.

The properties, totaling 1.7 acres, are located in a CMX-3 zone, permitting both residential and commercial uses.

*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.

Fulton Financial Sells 11 Branches to Developer

Fulton Financial Sells 11 Branches to Developer

Fulton Financial Corp. has sold 11 local branches to South Philadelphia’s Hightop Development as part of its ongoing real estate review following last year’s acquisition of Republic First Bancorp. Most of the sold locations were acquired through Fulton’s 2022 purchase of Prudential Bancorp. According to bank spokesman Steve Trapnell, the branches will continue operating as Fulton locations under long-term leases, except for two closed sites: 3993 Huntingdon Pike in Huntingdon Valley and 4800 Richmond St. in Bridesburg, both now available for lease.

Additionally, Fulton, with $32 billion in assets, acquired a former Republic branch at 1400 Blackwood-Clementon Road in Gloucester Township from the FDIC for $1.45 million.

*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.

Exton Square Mall Development Takes Shape

Exton Square Mall Development Takes Shape

Abrams Realty & Development plans to transform Exton Square Mall by demolishing most of the property and introducing over 600 residential units alongside retail, office, fitness, and entertainment spaces. According to plans submitted to West Whiteland Township, the 178,000-square-foot Boscov’s will remain, while the rest of the mall will be replaced with a 376-unit apartment building, 243 townhomes, and commercial space. A main street will separate the apartments from Boscov’s, with additional shops, restaurants, and second-floor office space added to the store’s edge.

The southeastern corner, where Round 1 Bowling & Arcade is currently located, will become a 95,232-square-foot fitness and entertainment center. Abrams, under contract to buy the 989,659-square-foot mall from PREIT, expects to close the sale by March. The 75-acre site sits at the intersection of Route 100 and Route 30, just four miles from the Pennsylvania Turnpike.

*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.

Andorra Shopping Center to get $30M Makeover

Andorra Shopping Center to get $30M Makeover

Federal Realty Investment Trust will reduce a 30,000-square-foot section of Andorra Shopping Center as part of its $30 million redevelopment. The project includes a 50,000-square-foot Giant grocery store replacing the former Acme, which has already been demolished. The new Giant is set to open in spring 2026. This development aims to revitalize the 260,000-square-foot center, anchored by T.J. Maxx, Kohl’s, Five Below, and LA Fitness. In the north, 30,000 square feet of retail space will be downsized to 10,000 square feet, with a new 10,000-square-foot KinderCare childcare center added.

Plans also include 14,000 square feet of landscaped plazas, outdoor dining areas, enhanced sidewalks, new curbside pickup spaces, and improved access to Cathedral Road. Most construction will be completed by the end of this year, with new tenants opening in 2026.

*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.

Wonder Opening 10 Philly-Area Food Halls

Wonder Opening 10 Philly-Area Food Halls

Food hall brand Wonder is making a significant push into the Greater Philadelphia region, with plans to open its first 10 locations this year.

New York-based Wonder Group will debut food halls this spring in Ardmore, Fishtown, and at Roosevelt Mall in Northeast Philadelphia. Later in the year, additional locations will open in Rittenhouse Square, South Philadelphia, King of Prussia, Ellis Preserve in Newtown Square, West Chester, and Mount Laurel and Cherry Hill, New Jersey. The address for the King of Prussia site has not been disclosed. Wonder’s corporate-owned food halls typically span around 3,000 square feet, according to Shlossman.

Operating in the “fast fine dining” category, Wonder offers delivery-focused food halls where customers can order from more than 25 chefs and restaurants at once—including dishes from celebrity chefs like José Andrés and Bobby Flay. Food is made to order on-site and available for pickup or delivery, with some locations also offering seating.

*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.

New Balance Building in Rittenhouse Listed

New Balance Building in Rittenhouse Listed

A prime Rittenhouse Square property on Walnut Street’s shopping corridor is up for sale as a potential conversion opportunity. Located at 1619 Walnut St., the nearly 35,000-square-foot building recently welcomed New Balance as a ground-floor tenant. However, 59% of the space remains vacant, per marketing materials.

Owner Nuveen Real Estate is asking about $10 million, significantly below the $19.2 million sale price in 2013 and its current city assessment of $8.3 million. New Balance occupies nearly 4,000 square feet under a new 10-year lease, while Keller Williams leases two floors, with their agreement expiring in 2028. This leaves three floors and a below-ground level—totaling 19,795 square feet—available. New Balance relocated to the property from 1615 Walnut St.

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

Bucks County Shopping Center Sold to Potential Owner-Operator

Bucks County Shopping Center Sold to Potential Owner-Operator

A Rhode Island-based discount retailer, Ocean State Job Lot, has purchased the Fairless Hills Shopping Center in Bucks County for $23.6 million, even as one of its major tenants undergoes bankruptcy proceedings. The 190,000-square-foot shopping center at 500 Lincoln Highway was sold by The Klein Group, based in Florham Park, New Jersey, according to Bucks County property records. Ocean State Job Lot, an owner-operator, has expanded its portfolio to include over 7.5 million square feet across 70+ shopping centers in New England, New York, New Jersey, and Pennsylvania.

Big Lots, a national retailer and current tenant, has announced all its stores are closing, as listed on its website. Amid bankruptcy proceedings, Big Lots was acquired by Boston-based Gordon Brothers. As part of the restructuring, North Carolina-based Variety Wholesalers Inc. plans to take over between 200 and 400 Big Lots locations, according to Columbus Business First.

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

Shopping Center in South Philly Up For Sale

Columbus Commons Philadelphia Shopping Center For Sale

A prominent South Philadelphia shopping center with a strong tenant lineup has hit the market.

Goldenberg Group, a Blue Bell-based developer, has listed the fully occupied Columbus Commons at 2106 S. Christopher Columbus Blvd. for sale. The retail center, developed nearly 20 years ago, spans 643,810 square feet in total. However, the listing excludes Ikea and Lowe’s, which own their individual properties as shadow anchors.

The portion for sale covers 124,853 square feet and is anchored by long-standing tenants such as Best Buy, Raymour & Flanigan, and Dollar Tree. The shopping center boasts an impressive average tenant tenure of 17.6 years, with a weighted average lease term of 4.2 years.

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

Macy’s to Close Center City Store in Wanamaker Building, Hitting Market East Hard

Macys Closing Wanamaker Bldg
Macy’s plans to close its 435,000-square-foot store in the historic Wanamaker building by the end of March, marking a significant setback for East Market’s struggling retail scene. The announcement, made Thursday, is part of the retailer’s larger strategy to shut down 150 stores nationwide by 2026, including 65 closures this year. Among the first wave of closures is Macy’s at Exton Square Mall in Chester County.

City officials discussed the Center City closure during a Thursday press conference, describing it as an opportunity to rethink and revitalize East Market Street.

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

Cherry Hill Deli Opening in King of Prussia

Cherry Hill Deli Opening in King of Prussia

The Kibitz Room, a 23-year-old Cherry Hill Jewish delicatessen, is expanding to King of Prussia. The deli has signed a 20-year lease for 128 Town Center Road, aiming for a March opening, according to owner Brandon Parish. The space, formerly home to Michael’s Deli and most recently KOP Grill & Tavern, will offer a local alternative in a region dominated by national chains like Chick-fil-A and Eddie V’s Prime Seafood.

The new location will be a “Jewish delicatessen on steroids,” Parish said, featuring 7,900 square feet and seating for 170, including a private event space. This is a significant upgrade from the original Cherry Hill location, which accommodates about 50 customers in 2,000 square feet. Parish, who took over operations from his parents Neil and Sandy, has led the family-owned business into its next phase. The Cherry Hill location was opened in 2001 by founder Russ Cowan, who previously owned Queen Village’s Famous 4th Street Delicatessen. Although The Kibitz Room initially planned a second location in North Wales, those plans fell through, making King of Prussia its first expansion.

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