PrimoHoagies Plans for 500 New Locations in Coming Years

PrimoHoagies Expansion

PrimoHoagies, the popular South Philadelphia-born sandwich chain, plans to open 10 locations in the Albany, New York, region as part of its ongoing expansion. 

Rocky Patel, owner of Philly Bar & Lounge in Latham, roughly eight miles north of Albany, is the franchisee for all of the incoming stores. 

The 30-year-old company is still determining where the shops will go. One or two should open by the second quarter next year. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Shopping Center to Bring Shake Shack, Raising Cane’s and Lidl to South Philly

Industrial Turned Shopping Center in South Philly

A South Philadelphia industrial building is slated for demolition to make way for a proposed shopping center. 

Under plans filed with the city, 16 Snyder Ave. will be razed and replaced with six detached structures for retail tenants including Lidl, Shake Shack, Raising Cane’s Chicken Fingers, Advanced Auto Parts and Chase Bank. The industrial building, located just off of I-95, is owned by Inolex Chemical Company, according to property records. The personal care and cosmetics manufacturer holds the zoning permit granted by the Department of Licenses and Inspections last week. 

The company, which was founded in 1876 and is headquartered in Philadelphia, could not be reached for comment. 

One building spanning 31,000 square feet would house the Lidl, documents filed with the zoning permit show. A second building, at about 3,300 square feet, would be a Raising Cane’s and another would be a 3,200-square-foot Shake Shack. An Advanced Auto Parts in the corner of the lot would span about 6,900 square feet, and a Chase Bank would be 3,300 square feet, according to the proposal. Lidl and Raising Cane’s have previously outlined plans for expansion in the Philadelphia area. 

The remaining 4,500-square-foot structure does not currently have a tenant, the plans show.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Airport Square Shopping Center Acquired by New York Firm

The Airport Square shopping center in Montgomeryville has been sold for $82.5 million, according to a source familiar with the deal, becoming the latest retail property in the area to change hands over the last few months.

The 298,719-square-foot retail center at 801 Bethlehem Pike was bought by a fund advised by Wafra Inc., a New York investment firm. The retail center is 98% occupied and is anchored by T.J. Maxx, Marshalls, Best Buy, Home Goods, HomeSense and Golf Galaxy. Other tenants at Airport Square include Chipotle, Shake Shack, Michaels, Old Navy and the Pour House. 

The seller, according to the source, was an entity affiliated with DWS Real Estate, a global investment firm whose parent company is Deutsche Bank.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Quartermaster Plaza in South Philadelphia sells to New York Joint Venture

The Quartermaster Plaza in South Philadelphia has been sold to a joint venture of two New York firms for $100.1 million as part of a larger portfolio acquisition. 

Property records show DRA Advisors acquired the 456,000-square-foot shopping center from Massapequa, New York-based Cedar Realty Trust. The latter purchased the property in 2014 from Cleveland-based Forest City Ratner Cos. for $92.3 million.

The recent sale is part of 33 grocery-anchored shopping centers DRA Advisors and KPR Centers acquired from Cedar Realty Trust for $879 million. 

Built in 2004, Quartermaster Plaza sits along West Oregon Avenue near Interstate 76. The 24-acre property is anchored by a BJ’s Wholesale Club and Home Depot. Other tenants include Staples, Planet Fitness and PetSmart. Sprouts Farmers Market has signed a lease for a 25,200-square-foot store, according to a marketing brochure from Metro Commercial Real Estate, a brokerage representing the property. Up to 90,000 square feet of additional retail space is also proposed, the brochure shows. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Sprouts Farmers Market to Open Second Philly Location

Sprouts Farmers Market Opening Another Philly Location

Sprouts didn’t immediately respond to a request for more information on the upcoming store and when it might open.

The Quartermaster Plaza and South Philadelphia Shopping Center are in the process of uniting and rebranding under new ownership, with a $250 million redevelopment plan that includes 800,000 square feet of commercial space and 280 new residential units.

A proposed expansion of 90,000 square feet of retail space would be located next to the property leased by Sprouts.

*Article courtesy of Philly Voice

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Jollibee Food Chain Makes Pennsylvania Debut

Jollibee Coming to Philly

Global fast food restaurant chain Jollibee announced it opened its long-expected first location in Pennsylvania in the recently renovated Great Northeast Plaza near the intersection of Bustleton and Cottman avenues in northwest Philadelphia.

The new Jollibee will occupy an outparcel location at 7340 Bustleton Ave., part of the large retail redevelopment of the former Sears-anchored shopping center by a joint venture between Abrams Realty and Development and Bock Development.

While Jollibee is well known in its native Philippines and many other countries with more than 1,500 restaurants worldwide, it has just 85 in North America and the chain remains relatively unknown outside of the Filipino community in the U.S. It has been described as McDonald’s-meets-Kentucky-Fried-Chicken and features popular Filipino-inspired menu items including its signature Chickenjoy fried-chicken dish, its langhap-sarap Yumburger and peach mango pies. The new Philadelphia store is expected to attract long lines of devotees, with the chain’s dancing red bumble bee mascot often in attendance. 

*Article courtesy of Costar

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Wegmans at Montgomery Mall Sells for $22.6M

Wegmans Philly Gets Bought

The site of a Wegmans at the Montgomery Mall has been purchased by an out-of-state real estate investor for $22.6 million, becoming the Philadelphia region’s latest grocery store property to trade hands in the last several years. 

ExchangeRight of Pasadena, California, acquired the 128,000-square-foot Wegmans in North Wales from Kohan Retail Investment Group. Great Neck, New York-based Kohan Retail listed the site a month after buying the Montgomery Mall in a foreclosure sale for $55 million.

Selling off individuals parcels, especially spaces occupied by grocers or other highly regarded tenants, is not uncommon for real estate investors. Buffalo, New York-based Wegmans Food Markets Inc. started its lease on the space at 500 Montgomery Mall North in November 2013. The lease expires in November 2033 and there are five 10-year options to extend the lease.

ExchangeRight specializes in buying net-leased properties — a lease where the tenant pays at least some of the property taxes, maintenance fees and insurance costs. The company’s website also says it looks for deals involving long-team leases and “grocery-anchored shopping centers with investment-grade or equivalent-credit grocery anchors, strong operations/store sales, and strong retail locations.”

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Bagels and Co. Expanding 6 New Philly Locations

Bagel and Co. opens new Philly locations

Glu Hospitality plans to open six new Bagels and Co. locations across Philadelphia in the next few months after launching the fast-casual dining concept last summer as part of a shift in focus amid the pandemic. 

Led by co-founders Derek Gibbons and Tim Lu, the hospitality company was forced to scale back normal operations at restaurants like Añejo and nightlife venue like Vesper Center City due to Covid-19 restrictions.

The first Bagels and Co. opened in June 2021 at the Piazza in Northern Liberties with bagels, coffee, lunch and deli. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties 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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Dave’s Hot Chicken Plans to Open 8 Locations in Philly

Dave's Hot Chicken opening in Philly

Amazon Fresh is Now Open in Montgomery County Shopping Center

Amazon Fresh Montgomery County Now Open

A new Amazon Fresh grocery store is being planned for the Willow Grove Shopping Center, state filings show, as part of a multimillion-dollar overhaul taking place at the nearly 70-year-old Montgomery County retail complex. 

Filings show Amazon Retail LLC has applied for a Pennsylvania liquor license to be used at 102 Park Ave., the address of a shuttered Barnes & Noble bookstore. In marketing material posted to its website, Federal Realty Investment Trust says an ongoing renovation of the 183,000-square-foot shopping center will include an unnamed “new-to-market grocery concept.”