Turf Club Closing After 30 Years

Turf Club Closing After 30 Years

Parx Casino is closing its 30-year-old South Philadelphia betting parlor, following approval earlier this year to relocate its operations to a nearby Chickie’s and Pete’s, a move that has sparked controversy. The Bensalem-based gaming destination, owned by Greenwood Racing Inc., will shutter its South Philadelphia Race & Sportsbook at the end of the business day on Thursday, according to a Parx spokesperson. In a Worker Adjustment and Retraining Notification Act (WARN) filing with the Pennsylvania Department of Labor and Industry and the City of Philadelphia’s Department of Commerce, Parx attributed the closure to “a lack of business viability” and the expiration of its lease at the 700 Packer Ave. location.

*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.

LL Flooring Files for Bankruptcy

LL Flooring Files for Bankruptcy

LL Flooring has initiated voluntary Chapter 11 reorganization proceedings in the U.S. Bankruptcy Court for the District of Delaware as part of its strategy to sell the business. The company is actively negotiating with several potential buyers and anticipates seeking the court’s approval for the sale within the early stages of the Chapter 11 process. With over 300 stores nationwide, LL Flooring has started closing sales at 94 locations. Despite these closures, the company’s 21 stores in Pennsylvania, including those in New Cumberland and York, remain open.

*Article courtesy of Pennlive

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.

Amazon Fresh is Opening New Stores in Philadelphia

Amazon Fresh is Opening New Stores in Philadelphia

Amazon is on the verge of doubling the count of Amazon Fresh grocery stores in the Philadelphia region after facing significant delays in launching new outlets. The e-commerce leader is progressing with the opening of an Amazon Fresh store in Bensalem, as stated by a company representative to the Business Journal. Job listings for the site at 1837 Street Road were recently posted on Amazon’s website, although there had been no official statements about the store’s development. Furthermore, the store possesses a liquor license registered under Amazon Retail LLC and maintained by the Pennsylvania Liquor Control Board.

*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.

Raising Canes Expansions

Raising Canes Expansions

Raising Cane’s Chicken Fingers is set to significantly expand its presence in Greater Philadelphia over the next three-and-a-half years, with plans to open 12 additional restaurants in the region by 2027. Since May 2022, the Baton Rouge, Louisiana-based chain has already launched 10 locations in Greater Philadelphia, with another six confirmed and additional areas under consideration for future growth, as reported by regional vice president Warren Sewell to the Business Journal.

Founded in 1996, Raising Cane’s is renowned for its combo meals featuring chicken fingers, chicken sandwiches, fries, Texas toast, and its popular Cane’s Sauce. The chain currently operates approximately 800 locations worldwide. The first of the upcoming six restaurants in Greater Philadelphia will open at Roosevelt Mall in Northeast Philadelphia, anticipated to welcome guests starting in September. Spanning 3,000 square feet, this location is part of Brixmor Property Group’s $50 million redevelopment of the shopping center, joining recently opened businesses like Sprouts Farmers 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.

Neshaminy Mall is Being Repdeveloped

Neshaminy Mall is Being Repdeveloped

The new owners of Neshaminy Mall intend to demolish approximately half of the property and initiate a redevelopment project that integrates various uses complementary to the existing retail. Paramount Realty and Edgewood Properties, in a joint venture announced Monday, acquired the half-vacant Bucks County mall for $27.5 million from Brookfield Properties, according to industry sources. Paramount and Edgewood are exploring redevelopment options while intending to retain key anchors like Boscov’s, AMC movie theater, Barnes & Noble bookstore, Uno Chicago Grill, and On The Border Mexican Grill. Maurice Zekaria, Principal at Paramount Realty, noted that the remaining 20% occupied retail space would be demolished as part of the plans.

*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.

Simon Property Group In Talks to Hand Over Philadelphia Mills Mall

Simon Property Group In Talks to Hand Over Philadelphia Mills Mall

The owner of Philadelphia Mills, Simon Property Group Inc. is in talks to surrender the Northeast Philadelphia mall to its debtholders. According to CMBS reports, Simon Property Group is looking to transfer ownership to the CMBS trusts holding the four notes of its $290 million loan, which matured in June. The noteholders have ordered third-party reports and are working on the title transfer, loan servicer notes show.

*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.

David’s Bridal HQ Moving to KOP

David's Bridal HQ Moving to KOP

David’s Bridal will relocate from its longtime corporate headquarters in Conshohocken next month, paving the way for a new residential development on the site. The wedding dress retailer is moving from 1001 Washington St. to 630 Allendale Road in King of Prussia on August 1, according to a company spokesperson. The new headquarters will allow David’s Bridal to bring its photo studio, currently located in Atlanta, in-house and create new jobs at the corporate office.

David’s Bridal declined to share additional details about its new headquarters. However, a recent report from commercial real estate brokerage Savills indicates that the new space will span 59,000 square feet.

*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.

TD Bank is Closing More Branches

TD Bank is Closing More Branches

TD Bank, the U.S. subsidiary of Toronto’s TD Bank Group (NYSE: TD) based in Cherry Hill, plans to close 20 additional branches, including one in Bucks County, as part of its strategy to build the “bank of the future.” This filing with the Office of the Comptroller of the Currency brings TD’s total closures this year to 53, a significant increase from the one branch closed each in 2022 and 2023.

*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.

Trader Joe’s Opening Another Store

Trader Joe's Opening Another Store

Trader Joe’s plans to open its fourth store in Montgomery County this year.

The popular grocery chain will open at 224 W. Dekalb Pike in King of Prussia, according to its website. While no exact opening date has been set, the company stated it is “working hard so we can open our doors in 2024.”

*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.

Premier redevelopment opportunity in Philadelphia

Premier redevelopment opportunity in Philadelphia

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 2315-2319 North Broad Street, Philadelphia, PA 19132. The Philadelphia property is available for sale.

The property holds +/- 12,789 square feet on .33 acres, that could be utilized by opportunity zones and redevelopment users.

Features of 2315-2319 North Broad Street

2315-2319 North Broad Street is ideal for residential/multi-family redevelopment. The property has potential to develop underground parking garage and a new 5-6 story multi-family building on N. Watts with an entrance to Broad Street. Additionally, the property has easy access to bus stations and subway stations on Broad Street.

For more information about the sale price or a tour of the industrial space, please contact Todd Monahan, Executive VP & Managing Director, at (215) 799 6145 or via email todd.monahan@wolfcre.com or Joe Fox, Senior Advisor, at (215) 799 6900 or via email joseph.fox@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.