Mexican restaurant opening in Center City

D.C. restaurant group opening Mexican restaurant in Center City

A Washington D.C.-based restaurant group is expanding into Philadelphia. Knead Hospitality + Design plans to open a location of its Mexican restaurant, Mi Vida, in a ground-floor space at 1100 Ludlow St. in Center City, the group confirmed to the Business Journal. The building is part of National Real Estate Development’s $1 billion East Market project, which spans 11th to 12th streets between Chestnut and Market streets. The development also includes Jefferson Health’s recently opened $762 million Honickman Center.

While Knead did not provide additional details about the Philadelphia Mi Vida location, a retail leasing brochure for East Market shows 6,686 square feet of retail space on the ground floor of 1100 Ludlow St. currently under lease negotiation. The remaining ground-floor space is occupied by MOM’s Organic Market.

*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.

Brandywine Realty Trust Shifts Focus to Retail at Schuylkill Yards

Brandywine Realty shifting focus on retail

As construction on the next buildings at Schuylkill Yards awaits optimal timing, Brandywine Realty Trust is ramping up its focus on expanding retail at the University City master-planned development.

“Retail is really where we’re focused,” said Jeff DeVuono, Managing Director for Brandywine Realty Trust’s Pennsylvania region. “That’s the area where we’re currently lacking. We’re not yet where we want to be.”

Brandywine (NYSE: BDN) recently completed 3025 John F. Kennedy Blvd., a $300 million, 28-story tower featuring 200,000 square feet of commercial space for office or lab use, along with 326 apartments.

*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.

3rd Five Iron Location Coming to Philly

3rd Five Iron Location Coming to Philly

An urban indoor golf experience is opening its second Center City location and third overall in Philadelphia. New York-based Five Iron Golf will debut its new venue on the ground floor of Three Logan Square early next year. Located at 1717 Arch St., the office tower is owned by Brandywine Realty Trust. The 4,800-square-foot space at the corner of 18th and Arch streets will feature five Trackman simulators, Callaway golf club fitting, an 8-seat bar, high-top tables, and two outdoor patios with around 12 tables.

*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 Sells for $18.5M

Bucks County Shopping Center Sells for $18.5M

A grocery-anchored shopping center in Bucks County, Feasterville Plaza, has sold for $18.5 million, 8% less than its 2011 sale price, according to property records. The 110,000-square-foot center at 1045 Bustleton Pike in Feasterville was purchased by an entity owned by Nandish Patel, founder of Phoenix Nexus Enterprises. The previous owner, FTP Feasterville Plaza LP, acquired it from Federal Realty Trust for $20 million. Feasterville Plaza spans over 12 acres at the intersection of Street Road and Bustleton Pike, just 2 miles from the Pennsylvania Turnpike and Route 1, and is fully occupied. Tenants include Bell’s Market, Altitude Trampoline Park, Hollywood Tans, Wings to Go, and an Abington Jefferson Health OB/GYN office.

*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.

Giant Opening a New Store in Philly

Giant Opening a New Store in Philly

Giant is set to open a new grocery store at 701 Cathedral Road in the Andorra Shopping Center, taking over the former Acme location that closed earlier this year. Construction on the new space is slated to begin in 2025, though an opening date has yet to be announced.

The grocery chain is leasing the site from the Andorra Shopping Center’s owner, Federal Realty Investment Trust. The new Giant store will occupy the previous Acme space, along with several adjacent vacant retail spaces, situated between LA Fitness and Five Below.

*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.

Rite Aid Exits Chapter 11 with a Reduced Store Count Amid U.S. Drugstore Shakeout

Rite Aid Exits Chapter 11 with a Reduced Store Count Amid U.S. Drugstore Shakeout

Pharmacy chain Rite Aid has exited Chapter 11 with a streamlined footprint of about 1,300 stores, down from 2,100 before its bankruptcy filing nearly a year ago. The Philadelphia-based retailer announced it has completed its restructuring, emerging with a “focused portfolio,” a “more efficient operating model,” and “significantly less debt.” The company has eliminated approximately $2 billion in debt and secured $2.5 billion in exit financing to support its future operations.

*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, 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.

Netflix House Space at KOP Mall For Sale

Netflix House Space at KOP Mall For Sale

The former Lord & Taylor store at King of Prussia Mall, set to become a Netflix retail, dining, and entertainment venue, is now for sale. The 120,000-square-foot building at 180 N. Gulph Road, built in 1995 on over 2 acres, was listed on August 30 without an asking price. The property, last assessed at $7.37 million in 2011, is 29 years old.

*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.

Big Lots to Close Philly and Three PA Stores

Big Lots to Close Philly and Three PA Stores

Discount retailer Big Lots plans to close up to 315 stores nationwide, including four in the Philadelphia area, as the chain struggles with financial difficulties. The Columbus, Ohio-based company, which sells low-cost groceries, home furnishings, and toys, recently increased its projected closures from 150 stores in a filing with the U.S. Securities & Exchange Commission. While no closure dates have been announced, the company’s website lists affected stores with sales of up to 20%. Earlier this summer, Big Lots suggested that up to 40 stores could close by year’s end.

*Article courtesy of Philly Voice

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.

Blink Fitness to Close Philadelphia Gyms After Bankruptcy

Blink Fitness to Close Philadelphia Gyms After Bankruptcy

Blink Fitness will close its two Philadelphia gyms—the chain’s only locations in Pennsylvania—at the end of the month. The gyms, located at 5597 Tulip St. in Wissinoming and 330 W. Oregon Ave. in South Philadelphia, are set to shut down on August 30, according to notices on the company’s website. Blink Fitness filed for bankruptcy on Monday, citing $280 million in debt. The company, which operates 101 low-cost gyms across seven states, is now seeking a buyer. It is currently owned by Equinox.

*Article courtesy of Philly Voice

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.

New Sky Zone Locations

New Sky Zone Locations

A popular chain of indoor trampoline and entertainment parks is set to expand with two new locations in Greater Philadelphia next year. Franchisees Kinjal and Purvish Patel plan to open Sky Zone locations in Exton and Langhorne in the fourth quarter of 2025. The husband-and-wife team is currently seeking leases for these upcoming venues. Trampoline parks are a rapidly growing industry as consumers increasingly seek active entertainment options. The trampoline park market, both indoor and outdoor, surpassed $1 billion last year and is projected to reach nearly $4 billion by 2032, according to data from Dimension Market Research. Most of this growth is expected in North America and Europe, which together accounted for nearly 44% of trampoline market revenue in 2023.

The new locations will join several existing Sky Zone outposts in the region, including Chalfont, Glen Mills, Lancaster, Philadelphia, and Phoenixville, as well as locations in Newark, Delaware, and Moorestown, New Jersey.

*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.