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.

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.