City Fitness is Opening a Seventh Philly Location

City Fitness opening 7th location in Philly

City Fitness plans to open its seventh Philadelphia gym, marking the latest expansion for the homegrown chain. 

The company is taking over a space previously occupied by Sweat Fitness at 45 N. 3rd St. in Old City. The three-floor, 15,000-square-foot gym is undergoing renovations and scheduled to open in November. y 

City Fitness opened its first location 15 years ago at 2nd and Spring Garden streets in Northern Liberties. 

Led by owner and CEO Ken Davies, the company now operates additional locations in East Market, Fishtown, Graduate Hospital, Logan Square and a recently opened space in East Passyunk. The company says it has over 16,000 members.

*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.

Bucks County franchisee looks to add 30 Philadelphia-area Qdobas

A Bucks County franchisee is eyeing the Philadelphia region for its ambitious growth plans, with intentions to open 30 new Qdoba locations in the area. 

The Integritty Group is opening its 31st Qdoba location in Bensalem off of Route 1 on July 25. That will kick off plans to open a total of 60 more over the next 10 years across five states, including the 30 in Greater Philadelphia. The group currently has at least four active letters of intent under negotiation in the Philadelphia area as well as four active leases in the tri-state area for new Qdoba openings.

The fast-casual Mexican restaurant operates 760 locations in the U.S. across 45 states, including 21 in the Philadelphia area. The Integritty Group owns Qdoba locations in Pennsylvania, New Jersey, Delaware, New York and Florida. 

“Right now our main focus is where we kind of started; in this Bucks, Montgomery county area and there’s a lot of growth coming,” said Shane Lenahan, who is the group’s director of operations. 

*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.

Former Cheltenham Square Mall trades for $69.5M

A retail property that was known for six decades as the Cheltenham Square Mall and later redeveloped into Greenleaf at Cheltenham has sold for $69.5 million. 

Paramount Realty of Lakewood, New Jersey, bought the 400,851-square-foot center at 2385 Cheltenham Ave., adding to the real estate company’s growing portfolio of retail properties in the Philadelphia area. Paramount owns Home Depot Plaza and Marketplace at Neshaminy in Bensalem, Festival at Exton, and Quarry Crossings in Downingtown among others centers. It targets grocery-anchored properties. 

*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.

Federal Realty Trust Makes Advancements on the Redevelopment of 3 Shopping Centers

Industrial Turned Shopping Center in South Philly

Federal Realty Investment Trust continues to work on securing approvals for its plans to redevelop Bala Cynwyd Shopping Center into a more walkable, mixed-use community and is making progress to undertake a similar strategy at Willow Grove Shopping Center and Lawrence Park Shopping Center. 

Plans for adding residential components and more dining that expands outdoor seating, enhancing the pedestrian experience with areas to gather, and incorporating other placemaking devices were set in motion at Federal’s three Philadelphia-area shopping centers before the Covid-19 pandemic. The effort, which aims to create more of a community rather than just a shopping destination, has successfully been rolled out at some of its other centers. 

*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.

$100M redevelopment, expansion of Drexeline Shopping Center gets underway

MCB Real Estate has started work on a roughly $100 million redevelopment of what had been known for decades as the Drexeline Shopping Center in Drexel Hill. 

Renamed the Drexeline Town Center, MCB of Baltimore plans to transform the property at 5100 State Road from a dated — portions were built in the 1950s — retail and office complex into a 348,185-square-foot mixed-use development with retail, apartments and self-storage.

*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.

Owner of the Melrose Diner and Broad Street Diner has obtained demolition permits

Melrose Broad Street Diners

At Home takes space at Promenade at Granite Run as development leases up

At Home store located in Philly

At Home, a Plano, Texas, retail chain that sells furniture and home décor, has signed an 85,985-square-foot lease at the Promenade at Granite Run. 

With the addition of At Home and some smaller pending deals, the 877,294 square feet of retail space at the property is 92% occupied, according to BET Investments Inc., which owns the mixed-use development off Baltimore Pike at Route 352 in Media. 

Barcade opening second Philadelphia outpost in historic Center City building

Barcade Center City Philly

Barcade is taking to Center City to open its second Philadelphia outpost, which the New York-based company aims to debut by early 2023. 

The hybrid bar-and-arcade concept is headed to the historic three-story Hale Building at 1326 Chestnut St., which dates back to the late 19th century and was built by esteemed architect W.G. Hale, who also designed the Divine Lorraine. Owned by developer Brickstone Realty, the space spans roughly 8,000 square feet, encompassing more than 3,300 square feet on the ground floor, a more than 2,300-square-foot mezzanine and a 2,600-square foot basement. 

This will be the 10th location for Barcade, which operates additional outposts in New York; Detroit; Los Angeles; New Haven, Connecticut; and Newark and Jersey City in New Jersey. 

*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.

Two grocery-anchored centers in South Jersey, Pottstown sell for a combined $115M

Eagle Plaza and Upland Square, two shopping centers at opposite ends of the Philadelphia region, have sold for a combined $114.7 million, continuing a trend of investors gravitating toward grocery-anchored retail properties.

A Singaporean real estate firm invests in grocery-anchored retail, paid $85.7 million for Upland Square, a 400,674-square-foot center at 180 Upland Square Drive in Pottstown.

The center is fully occupied with 35 tenants including Giant, TJ Maxx, Ross, Burlington, Ulta and Ashley Furniture as anchors. Paramount Realty is the seller and the purchase expanded United Hampshire’s Philadelphia footprint. 

Upland Square had some other nuances. Cedar Shopping Centers Inc. was involved in a partnership that developed Upland Square, a $106.4 million, 686,000-square-foot power center. It opened in 2009 with Giant, TJ Maxx and AMC Theatres. When Paramount put the center up for sale at the end of last year, it deliberately didn’t include the AMC and some of the other out parcels such as Starbucks, Aspen Dental and Chili’s, cutting the size of what was for sale to 400,674 square feet. 

*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.

Giant Supermarket to Open in Philly

Giant’s expansion in Philadelphia will continue in June with the opening of a new grocery store at the busy corner of Broad and Spring Garden streets.

The 50,700-square-foot market will open its doors on June 24 at 501 N. Broad St., the Carlisle-based company announced on Friday. The supermarket is an anchor tenant for developer Alterra Property Group’s residential development at the North Philly corner, a nine-story tower will bring 410 units to the growing corridor.

Giant’s footprint in Philadelphia has grown rapidly in recent years, including the opening of four stores in 2021.

*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.