Center City Welcomes 27 New Stores

Center City to welcome 27 new stores as rising foot traffic boosts retail

Center City’s retail corridors continue to shift as new businesses arrive and pedestrian activity rebounds. The Center City District 2025 Retail Report highlights 130 new openings over the past year. These businesses span dining, retail and service uses from Vine Street to South Street.

The openings arrive as downtown foot traffic improves. Core Center City, defined as the area between Vine and Pine streets from river to river, averaged 343,540 pedestrians per day. This figure represents a 3.4% increase year over year.

Rittenhouse Row led all corridors with a 9% gain in average pedestrian volume. Additionally, Midtown Village posted a 7% increase. West Market followed with a 4% rise as more employees returned to nearby offices. Even Market East, long challenged, recorded a 1% uptick in daily activity. The findings reflect Placer.ai data analyzed by Center City District.

Storefront occupancy reached 84% in 2025, up 1% from last year. However, performance varied along several key streets. Market Street reached only 68% occupancy, including 72% east of Broad Street and 62% west of Broad. Chestnut Street posted a 79% rate, with stronger occupancy west of Broad. Walnut Street led the group with an 86% occupancy rate.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Saks to Close Two Philly Locations

Saks Off 5th to close 2 Philadelphia-area stores

Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets.

The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an internal review aimed at concentrating resources on stronger-performing and higher-growth markets, according to a report by Women’s Wear Daily.

A representative for parent company Saks Global confirmed the closures, expected to take effect in January, describing them as part of a broader strategy to “optimize our Saks Off 5th footprint by enhancing performance and improving the overall customer experience.”

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Quarry Center Changes Hands in $80M Retail Deal

Quarry Center Changes Hands in $80M Retail Deal

A major retail property in Havertown, Delaware County has changed hands in one of the region’s largest suburban shopping center sales this year.

The 222,500-square-foot Quarry Center has been sold by Eureka Ventures to Ohio-based Mid-America Management Corp. The transaction completed roughly four months after the property hit the market.

Mid-America Management, a Cleveland-based firm with a $1B portfolio, expands its East Coast presence with Quarry Center.

Built in 2013, the fully leased 31-acre property at 116 Township Line Road is co-anchored by Giant and Lowe’s. Together accounts for approximately 77% of the center’s income. Other national tenants include Xfinity, Panera Bread, and Chipotle.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Former Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

Former Macy’s Wing at Plymouth Meeting Mall Sells for $14.3M

A portion of the Plymouth Meeting Mall fronting Germantown Pike—formerly home to Macy’s—has been sold for $14.3 million to 500 Germantown Partners LLC & ET A, an entity tied to Goodman Properties of Jenkintown. The transaction closed on September 2nd.

While PREIT remains the main landowner of the overall mall property, this section was privately owned since 1988 by entities now known as Bayview Associates & Esan, LLC.

The property underwent a major redevelopment between 2017 and 2019 after Macy’s closure and now features a strong retail mix including Dick’s Sporting Goods, Burlington, Miller’s Ale House, Edge Fitness, Michaels, and Ideal Image, with one remaining vacancy in the former Real Fruit space.

*Article courtesy of More Than The Curve

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Abrams Realty Plans Major Redevelopment of Berkshire Mall

Philadelphia-area developer plans to demolish, redevelop Wyomissing's Berkshire Mall

Abrams Realty & Development is set to acquire the Berkshire Mall in Wyomissing, with plans to demolish most of the aging 910,000-square-foot property and redevelop the 59-acre site into new open-air retail space.

The mall, currently owned by Namdar Realty Group since 2020, has struggled in recent years, with nearly half of its space vacant and growing calls from local officials for reinvestment.

Developer Peter Abrams, owner of the Elkins Park-based firm, said the redevelopment will retain only the Boscov’s department store, while the rest of the mall will be replaced by new retail construction, marking a complete transformation of the 55-year-old shopping center. Unlike other Abrams projects, the plan will exclude any residential components, focusing solely on revitalizing the retail landscape.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Chase Bank Expands Footprint Across Greater Philadelphia

Chase Bank Expands Footprint Across Greater Philadelphia

Chase Bank is accelerating its growth strategy in the Philadelphia region with a major retail expansion set for the end of 2025. The financial institution plans to launch seven new branches in southeastern Pennsylvania during the fourth quarter, along with five additional openings in nearby markets, including its first two in Berks County.

These additions follow three earlier branch openings this year, bringing Chase’s total 2025 openings to ten and increasing its regional branch count to 78. Looking ahead, the bank intends to add 20 more branches in 2026, aiming to reach 100 locations across the market by 2027.

Recent new sites include Rodin Place in Philadelphia, Pennell Road in Aston, and Levittown Town Center, with a fifth Lehigh Valley branch now operating on North Cedar Crest Boulevard in Allentown.

A Chase spokesperson noted the expansion reflects the bank’s commitment to increasing accessibility and strengthening community presence throughout the region.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Jordan Brand’s First U.S. “World of Flight” Lands in Philadelphia

Jordan Brand’s First U.S. “World of Flight” Lands in Philadelphia

Jordan Brand is bringing its globally celebrated “World of Flight” concept to the United States for the first time — and it’s choosing Philadelphia as the launchpad.

Set to open on October 10 at 1617 Walnut Street, the new retail destination will immerse fans in the legacy and lifestyle of the iconic brand. Spanning approximately 7,000 square feet across two levels, the store will feature exclusively Jordan-branded apparel, footwear, and accessories, all within a space that honors the culture and history of basketball.

Located in the heart of Rittenhouse Square’s premier shopping corridor, the early 20th-century building will now showcase the signature Jumpman logo, marking a new chapter for both the brand and Philadelphia’s retail scene.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Iron Hill Brewery Closes Three Locations

Iron Hill Brewery & Restaurant has closed three of its Greater Philadelphia locations, including its flagship restaurant.

Exton, PA — Iron Hill Brewery & Restaurant has closed three of its Greater Philadelphia locations, including its flagship restaurant in Newark, Delaware.

The closures affect Chestnut Hill (8400 Germantown Ave.), Voorhees, NJ (13107 Town Center Blvd.), and the original Newark restaurant (147 E. Main St.), which first opened in 1996. Newark marked the beginning of the regional brewpub chain founded by Mark Edelson, Kevin Finn, and Kevin Davies.

In a statement, Iron Hill cited its efforts to adapt to shifting business conditions and focus on long-term growth as reasons behind the decision.

“While we are closing a few locations, this is truly part of a larger growth story — we are evolving, strengthening our brand, and positioning Iron Hill for long-term success,” said CEO Mark Kirke.

Iron Hill, headquartered in Exton, continues to operate restaurants across the Mid-Atlantic as it works to refine and expand its portfolio.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

D.C.-Based Steakhouse Medium Rare Opens in Philadelphia

D.C.-Based Steakhouse Medium Rare Opens in Philadelphia, Plans National Growth

Medium Rare, a steakhouse chain founded in Washington, D.C., has opened its first Philadelphia restaurant as part of a broader national expansion strategy.

The new location sits at 1540 Frankford Ave. in Fishtown. The 3,400-square-foot space seats about 100 diners inside, with an additional 40 seats on a rear patio. The restaurant occupies the ground floor of a privately owned mixed-use building with condos above.

Co-owner Mark Bucher, a Philadelphia native, called the move a “coming home.” He said the brand focuses on cities where it can build long-term ties with families and guests.

Since its launch in 2011, Medium Rare has grown to nine locations, including spots in New York, Boston, Texas, and across the D.C. metro area. The Fishtown restaurant marks its latest step toward becoming a national brand.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Abrams Realty Revamps Exton Square Mall Redevelopment

Peter Abrams said he and his development team received the message "loud and clear" during a July planning commission meeting.

Peter Abrams and his team at Abrams Realty & Development took West Whiteland Township’s feedback to heart after July’s planning commission meeting, where officials emphasized the need for more open space in the Exton Square Mall redevelopment plan.

After a month of revisions, the Elkins Park-based developer—alongside architect Barton Partners—will return to the commission Tuesday evening with an updated vision for the 75-acre property.

The reimagined plan introduces a central “main street” designed to serve as both a roadway and a pedestrian-friendly hub, capable of closing to traffic for community events like farmers’ markets. Features include an activity terrace with a stage for live music, a landscaped grass median, and expansive green areas throughout the residential sections—spaces intentionally created for recreation, gatherings, and neighborhood vibrancy.

Abrams summed up the refreshed concept simply: “It’s going to be spectacular.”

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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