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.

Premier South Jersey Retail Property for Sale

Premier South Jersey Retail Property 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 526 Cinnaminson Ave, Palmyra, NJ 08065. The Cinnaminson property is available for sale.

The property holds +/- 1,000 square feet on .13 acres, that could be utilized by retail users.

Features of 526 Cinnaminson Ave

526 Cinnaminson Ave is a former auto-repair shop, that is recently renovated. The property has an oversized bay and garage, a large office with traditional bay windows, 2 back storage areas and a loft area, and ample parking. Additionally, the property is within close proximity to Routes 73 & 130 and the Tacony Palmyra Bridge.

For more information about the sale 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 or Corey Hassman, Senior Advisor, at (856) 857 6300 or via email corey.hassman@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.

New Five Below Store Coming to South Philly

New Five Below Store Coming to South Philly

Five Below is set to take over a 10,000-square-foot space on South Broad Street that was formerly occupied by a Rite Aid drug store. The Philadelphia-based discount retailer received zoning permits on Friday to begin fit-out work on the space at 810 S. Broad St. Rite Aid put the lease at the corner of Broad and Christian streets up for sale in January, following its Chapter 11 bankruptcy filing in October.

This new store will be Five Below’s  12th location within Philadelphia, according to its website.

*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.

Source Brewing to Debut a 10,000 sq ft Brewery in Manayunk

Source Brewing to Debut a 10,000 sq ft Brewery in Manayunk

A New Jersey brewery, already established in Fishtown, will soon open a spacious outpost spanning over 10,000 square feet, complete with a rooftop terrace, in Manayunk. Source Brewing announced its plans to debut the new brewery this fall via social media. Managing partner Philip Petracca revealed to the Business Journal that they’ve secured a 10-year lease at 4334 Main St., a historic building dating back to the 1800s. The brewery, which began nearly five years ago with Source Farmhouse Brewery in Colts Neck, New Jersey, and expanded to Fishtown in 2022, continues its growth trajectory.

*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.

Sprouts Farmers Market is Coming to Philly

Sprouts Farmers Market is Coming to Philly

Two new Sprouts Farmers Markets are opening this month in Philadelphia, expanding the grocer’s regional presence. A 24,000-square-foot store will open at the Roosevelt Mall, 2327 Cottman Ave., in Northeast Philadelphia on June 14. Another store, occupying 25,200 square feet, will open at the Quartermaster Plaza, 2370 Oregon Ave., in South Philadelphia on June 21.

These additions double Sprouts’ footprint in Pennsylvania, which currently includes stores at 1000 S. Broad St., at the intersection of Broad and Washington streets in Philadelphia, and at 2001 Welsh Road in Dresher.

*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.

Former Auto Body/car Wash Available for Lease

Former auto body/car wash available for lease

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1250 Haddonfield-Berlin Road, Voorhees, NJ 08043. The Voorhees property is available for lease.

The property holds +/- 6,640 square feet on +/- .5 acres, that could be utilized by retail users.

Features of 1250 Haddonfield-Berlin Road

1250 Haddonfield-Berlin Road is a former car wash with electric and water in all five bays. Each bay could potentially work for storage or repair. The property could also convert back to a car wash.

1250 Haddonfield-Berlin Road is adjectcent to prominent auto repair shop. The property has 30 exclsive parking spaces and has easy access the Routes 73 and 30.

For more information about the sale 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.