Premier Bank Pad Site & Residential Development Opportunity

Premier Bank Pad Site & Residential Development Opportunity

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2932 Haddonfield Road, Pennsauken, NJ 08110. The Pennsauken property is available for sale.

The property holds +/- 2,252 sqaure feet situated on 2.78 acres that could be utilized by land and retail users.

Features of 2932 Haddonfield Road

2932 Haddonfield Road is a former bank and has 393 feet of frontage along Haddonfield Road. The property is 4 minutues to the Betsy Ross Bridge, 14 minutes to Center City Philadelphia, 1/2 mile from Us-130, NJ-90, and NJ-73. Additionally, the property has numerous by-right zoming users, p-1/professional office district-from-1.6 acres, and r-3/residental district – back-1.2 acres.

For more information about the lease price or a tour of the industrial space, please contact Eric Flocco, Vice President, at (609) 790 6940 or via email eric.flocco@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

PREIT Exits Bankruptcy Protection, Poised to Transition into Private Ownership

PREIT emerges from bankruptcy protection, set to go private

PREIT successfully emerges from bankruptcy protection for the second time since 2020 and undergoes a transition to private ownership. The Philadelphia-based company confronted over $1 billion in looming debt when it filed for bankruptcy in December.

Nonetheless, through a pre-packaged reorganization plan, the debt has been eliminated, accompanied by the establishment of a new ownership framework and a one-time payout to shareholders. Redwood Capital Management and Nut Tree Capital Management, based in New York, are the primary investors spearheading PREIT’s new ownership structure.

*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.

Family Dollar Shutting Some Doors in Philadelphia

These Family Dollar stores are closing in Philadelphia next month

Next month, six Family Dollar stores in Philadelphia will shutter their doors. This local closure follows the recent announcement by Dollar Tree, the parent company of Family Dollar, revealing plans to close nearly 1,000 stores, with approximately 600 Family Dollar locations slated for closure in the first half of this year.

Michael Atcovitz, vice president of human resources for Family Dollar Stores, attributed the closures to a nationwide initiative targeting underperforming stores, as stated in a layoff notice mandated by federal law.

Additionally, the company will be closing multiple stores in New Jersey on April 20, impacting 94 employees, according to a separate notification.

Dollar Tree has encountered various challenges in recent times, including inflationary pressures and incidents of store theft, as reported by the Wall Street Journal. The acquisition of Family Dollar by Dollar Tree in 2015 for over $8 billion has presented difficulties in assimilating the chain, according to the Associated Press.

*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, 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 Plans to Transform Vacancy at Mall

Netflix Attempt to Move Beyond Screens Relies on This Empty Mall Department Store

Netflix, the renowned streaming platform, is embarking on a novel endeavor to revitalize a vacant Lord & Taylor store, marking one of its initial ventures into physical entertainment venues. This initiative reflects a growing trend of repurposing obsolete department store mall locations across the nation.

Headquartered in Los Gatos, California, Netflix intends to convert the 120,000-square-foot space situated at the King of Prussia mall in Pennsylvania into what it dubs “Netflix House.” This venue will offer a blend of ticketed and non-ticketed experiences, curated around the most beloved Netflix shows, according to the company’s proposal submitted to Upper Merion Township officials.

Netflix House is envisioned to encompass permanent retail and food-and-beverage areas, along with a theater, escape rooms, mixed reality games, live events, and various other interactive activities. This innovative project signifies Netflix’s foray into the realm of physical entertainment spaces, bringing its acclaimed content to life in an immersive and engaging setting.

*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 coming to King of Prussia Mall

Netflix House coming to King of Prussia Mall

Netflix has set its sights on Philadelphia as one of the inaugural sites for its innovative retail, dining, and live entertainment venture. The entertainment giant intends to establish a Netflix House within the former Lord & Taylor space at the prestigious King of Prussia Mall. This brick-and-mortar concept is designed to fully immerse visitors in their beloved Netflix shows and movies through themed merchandise, culinary delights, and engaging activities. Building upon its success with temporary activations like the “Stranger Things Experience” and “The Queen’s Ball: A Bridgerton Experience,” as well as the pop-up eatery Netflix Bites, Netflix House represents a permanent venue for the streaming service to showcase its captivating themed experiences.

*Article courtesy 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.

Another Wawa Location in Philadelphia is Set to Close

Another Wawa Location in Philadelphia is Set to Close

Another Wawa store in Philadelphia is shutting its doors. A spokesperson for the Delaware County convenience store and gas station chain confirmed to the Business Journal that Wawa did not receive a lease renewal offer for its location at 2000 Hamilton St., near Fairmount and the Philadelphia Museum of Art. The company declined to provide further details regarding the closure.

Situated at the intersection of 21st and Hamilton streets in Rodin Place, the Wawa stands opposite a Whole Foods Market and in close proximity to a Target store. According to Sam Newman, president of Loddington Management, the property manager for Rodin Place, Wawa’s lease is set to expire at the end of September.

*Article courtesy 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.

Landmark Diner for Sale

Landmark Diner for Sale

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for Greets Diner, 14 North Black Horse Pike Williamstown, NJ 08094. The Williamstown property is available for lease.

The property holds +/- 9,981 sqaure feet that could be utilized by industrial users.

Features of Greets Diner

Geets Diner is an iconic diner with well-established customer basis situated on +/- 2.11 acres. The diner has a completely remodeled facade, kitchen, bar, and dining areas, which are indoor and outdoor. In addition, Geets Diner has its business and liquor licenses.

The property has ample parking and is strategically located between shore points and Philadelphia.

For more information about the lease price or a tour of the industrial space, please contact Eric Flocco, Vice President, at (609) 790 6940 or via email eric.flocco@wolfcre.com. To review the brochure, please click here.

Wolf Commercial Real Estate is a full-service CRE brokerage and advisory firm with a full range of commercial real estate listings and services. The firm handles a variety of properties including medical, office, industrial, retail and investment. WCRE represents buyers, landlords, investors, tenants and sellers and also provides property management services. For a full list of buildings and suites that are available for sale or lease, visit www.wolfcre.com.

Insomnia Cookies Unveils Flagship Store and Headquarters in Center City

Insomnia Cookies Unveils Flagship Store and Headquarters in Center City.

Insomnia Cookies is set to unveil its largest flagship store in Center City this weekend, captivating visitors with a Willy Wonka-inspired experience at Broad and Chestnut streets. The store, located on the first floor of the new three-story headquarters, offers a range of baked delights, customizable toppings, and a vibrant ambiance. Noteworthy features include a seating area facing a wall of LED lights paying homage to Insomnia’s Philly roots, and a merchandise section with “Philadoughphia” apparel. With over 270 U.S. locations and expansion into Canada and the UK, Insomnia Cookies continues its rapid growth.

*Article courtesy 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.

Prominent Mixed-Use Space For Lease

1719 Chestnut Street, Philadelphia, Pennsylvania

Wolf Commercial Real Estate has been appointed as the leasing agent to market 1719 Chestnut Street, Philadelphia, Pennsylvania. The property has +/- 3,300 sqaure feet available for lease.

1719 Chestnut Street is ideal for retail or office users. The property has an open floor layout with three private offices, a conference room, and elevator access. In additon, there are floor to ceiling windows at the front of the space and high ceilings through out.

The property is easily accessible to PATCO station at 16th & Locust situated near various prominent retailers, resturants, and hotels.

For more information and to schedule a tour, please contact WCRE’s John Mazurie, Senior Advisor, at (856) 857 6386 or john.mazurie@wolfcre.com.

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success. For more information, visit our website.

Nike’s Jordan World of Flight Store is Landing in Philadelphia

Nike's Jordan World of Flight store is landing in Philadelphia

Nike Inc. is set to open a Michael Jordan-branded store, Jordan World of Flight, at 1617 Walnut St. in Rittenhouse Square, Philadelphia. Spanning 7,000 square feet, this retail concept debuted in Milan in December 2022, aiming to be the future destination for celebrating the legacy and future of basketball culture.

*Article courtesy 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.