Amazon Fresh appears headed to Northeast Philadelphia, documents show

Amazon Fresh Bucks County

An application by Amazon Retail LLC for a Pennsylvania liquor license to be used at a space at Red Lion Plaza in Northeast Philadelphia points to a new Amazon Fresh grocery store opening in the retail center.

In addition, a leasing brochure marketing vacant spaces in the center shows that a 43,825-square-foot store once occupied by Raymour & Flannigan has been leased to a “national grocer” at the 9950 Roosevelt Blvd. property. The brochure shows the space as under construction and slated to open this year. 

An Amazon (NASDAQ: AMZN) spokeswoman declined to comment about the Roosevelt Boulevard location. 

Red Lion Plaza sits at the intersection of Red Lion Road and Roosevelt Boulevard and is in an area that has more than a dozen nearby grocery stores including Acme, Giant, Aldi, ShopRite and Lidl. Giant is opening on Nov. 12 a new 67,000-square-foot store at 2201 Cottman Ave., which is a tad less than five miles away from Red Lion Plaza. 

*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.

Sugar Factory chain to open Philadelphia restaurant with ‘insane milkshakes,’ celebrity-designed cocktails

Las Vegas restaurant chain Sugar Factory American Brasserie is taking over the former Porta space in Center City. 

Sugar Factory is known for over-the-top offerings like sliders with rainbow buns; “insane milkshakes” served in chocolate-covered mugs and decked out with sweets like candy necklaces, candy bars and cookies; and a 24-scoop King Kong Sundae topped with marshmallows, a glazed donut, a red velvet cupcake and more for $99. 

The 1216 Chestnut St. restaurant will open on Dec. 1 and is currently accepting reservations, according to the brand’s website. Sugar Factory did not respond to a request for comment. 

The 1216 Chestnut St. lot spans 6,110 square feet, according to Philadelphia property records. When the location was home to Porta, a pizza concept by Smith restaurant group, it connected with sister concept Brickwall Tavern to occupy more than 20,000 square feet at 1214-16 Chestnut St. Both concepts shuttered last year during the depths of the Covid-19 pandemic.

*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.

Family Entertainment Center to Replace Former J.C. Penney Space in Willow Grove Park

Paying homage to Willow Grove Park’s roots as an amusement park, indoor family entertainment center Tilted 10 and Tilt Studio will be opening in the former J.C. Penney space at the Montgomery County, Pennsylvania, mall in 2022.

The entertainment center, operated by Texas-based Nickels and Dimes Inc., will span two floors and occupy the entire 104,000-square-foot J.C. Penney space. Tilted 10’s first location in the Philadelphia region is set to feature over 200 games and attractions, including a bowling alley, multi-level laser tag arena, black light mini golf course, bumper cars, virtual reality games, a pinball arcade, a prize redemption center and a restaurant.

The addition of Tilted 10 is part of a strategy by the mall’s landlord, Pennsylvania Real Estate Investment Trust, to expand offerings at Willow Grove Park to meet the changing needs of today’s consumer.

*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.

Chase sees opportunity in Philadelphia market, will exceed its 50-branch target

JPMorgan Chase & Co. said it will exceed the promised 50 retail branches coming to the region.

The nation’s largest bank entered the Philadelphia retail banking world in September 2018 when CEO Jamie Dimon visited Philadelphia to announce plans to open to 50 locations within five years. Three years later, Chase (NYSE: JPM) has already opened 41 locations in the area with plans to open three more this year and an additional 12 between 2022 and 2024. While plans can always change due to unforeseen external forces, Chase is scheduled to open its 50th local branch a year from now and will add six more after that.

Here is the tentative schedule for opening its remaining Philadelphia-area branches:

  • Nov. 9, 2022: N. Main & Spruce streets, Doylestown
  • Nov. 20, 2022: E. Street & Newtown roads, Warminster
  • Dec. 7, 2022: W. Butler Pike & S. Maple Street, Ambler
  • Feb. 23, 2022: 140 Easton Road, Warrington
  • April 26, 2022: 600 Mantua Pike, Woodbury
  • June 7, 2022: 1400 Bethlehem Pike, Flourtown
  • Aug. 2, 2022: 1729 Street Road, Bensalem
  • Sept. 20, 2022: 677 Dekalb Pike, King of Prussia
  • Sept. 27, 2022: 15 S. 52nd St., Philadelphia
  • August 2, 2022: 317 W. Ridge Pike, Conshohocken
  • April 11, 2023: Yardley Newtown & Stony Hill roads, Morrisville
  • Sept. 26, 2023: 837 Dupont Hwy., Dover
  • Nov. 7, 2023: 773 Bethlehem Pike, Montgomeryville
  • March 26, 2024: 1101 Walnut St., Philadelphia
  • Aug. 6, 2024: 889 Dekalb Pike, Blue Bell

*Article courtesy of Philadephia 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.

Fast-growing Philadelphia car wash membership startup snags $5M investment to fuel expansion

Philadelphia-based car wash membership startup EverWash raised $5 million to continue its explosive growth and hire more staffers.

The debt deal is with Flow Capital, a Toronto investor that specializes in “emerging growth” companies. EverWash can take an additional $2 million over the next two years.

The funding will be used to hire new employees and bring on new car washes, EverWash President Scott Caplan said. EverWash has about 40 employees, mostly located in its Philadelphia headquarters, but also spread throughout California, Arizona, Florida, Utah and Illinois. Caplan anticipates hiring 20 additional workers. The funds will also cover marketing and corporate expenses, as well as some potential future acquisitions, he said.

EverWash offers flat-rate monthly memberships for car washes at participating locations within its system. The startup sets up a membership platform for free at each participating car wash, training staff, building a membership website and handling customer service calls. EverWash then takes a percentage of every membership sold. Caplan described the platform as “gold” for small car wash owners, who may struggle to get recurring revenue with a business that is often dependent on weather conditions.

“We only win at the company if the car wash owner and the car wash wins,” Caplan said. 

*Article courtesy of Philadephia 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.

Amazon is hiring 4,800 people across the Philadelphia region

Amazon plans to hire thousands of workers in the Philadelphia region as the retail giant accelerates its rapid expansion across the area.

The company announced Tuesday that it was seeking nearly 4,800 employees in the city and surrounding counties, part of a nationwide plan of hiring 125,000 people. The warehouse jobs come with an average starting pay of $18 an hour plus health, retirement, and other benefits. Positions include package sorters and staffers who unload trailers.

With the pandemic pushing consumers to shop online, Amazon has snatched up facilities and last year posted more job openings here than any other employer. Amazon had more than 50 warehouses in operation or being built in the region as of April. The company currently employs about 25,000 people in Pennsylvania.

Amazon officials announced the latest hiring spree during a news conference outside City Hall, where elected officials praised the company for hiring residents at a time when unemployment remains high. There are now nearly 670,000 jobs in Philadelphia, still below the 750,000 the city had in February of 2020, Mayor Jim Kenney said.

*Article courtesy of Philadephia Inquirer

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.

Bankroll Club, a sports and entertainment venue, plans to take over the landmark Boyd Theater in Philadelphia

Bankroll Club — a novel, tech-based sports and entertainment center with a Stephen Starr restaurant — is planning to occupy the Chestnut Street building that once housed the landmark Boyd Theater.

A liquor-license application was recently posted on the building at 1910 Chestnut St., as noted on the Philadelphia Industrial HeritageFacebook group. A sign application with the city Planning Commission also says the project will occupy the GAP outlet store next door, now currently occupied.

Representatives of Bankroll were not immediately available for comment. Marc Rayfield, a former CBS Radio executive who is an investor, told The Inquirer in early 2021 that it will be a restaurant where customers can view games and other entertainment events — like a sports bar.

Bankroll customers can use a proprietary app to make it a more immersive experience.

*Article courtesy of Philadephia 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.

New York investment firm buys Northeast Philadelphia retail center for $78M

Blackstone, a New York investment firm, has paid $78 million for Northeast Tower Center, a 301,208-square-foot retail property in Philadelphia, according to those familiar with the transaction.

Paramount Realty Services Inc. of Lakewood, New Jersey, sold the center at 4640 Roosevelt Blvd. It is anchored by a 119,388-square-foot Walmart and counts Staples, Ross Dress for Less, and Old Navy among its other tenants.

The entire center totals around 500,000 square feet but the transaction did not include a Home Depot, Pep Boys and Raymour & Flannigan, which are all tenants but separately own their respective spaces.

Northeast Tower was developed in 1996 by what is now PREIT, which sold it to Paramount in a transaction that was finalized in 2012 when the remaining unsold interest in the real estate was transferred, according to Securities and Exchange Commission documents.

The property is at the intersection of Roosevelt Boulevard and Whitaker Avenue and saw more than 6 million visits over the past year, according to Institutional Property Advisors data.

Paramount owns other properties in the region. The company, in partnership with Medipower Public Co. Ltd, a Cyprus-based real estate company, closed last month on a $114.25 million acquisition of five Greater Philadelphia shopping centers. It bought the properties from Brandoloni Cos. and added to its portfolio of other retail centers it owns such as Home Depot Plaza in Bensalem and Upland Square in Pottstown.

*Article courtesy of Philadephia 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.

Bakery chain Paris Baguette looks to expand in Philadelphia as part of ambitious growth strategy

French-inspired bakery chain Paris Baguette is planning substantial expansion throughout the U.S. and Canada, and Philadelphia is on its shortlist of target markets.

The Moonachie, New Jersey-based company is looking to open 30 new locations in 20 key markets by the end of the year. It will then look to establish 1,000 new locations in the coming 10 years.

Philly is among the prime locales where Paris Baguette is seeking space, though concrete details on a site rollout are still unknown. AmecAngelo is serving as the master broker overseeing the bakery chain’s growth plan, which Paris Baguette has dubbed its exclusive leasing agent for the expansion plans.

Paris Baguette, which specializes in cakes, pastries, sandwiches, salads, coffee and tea, operates nearly 90 stores across the U.S. Its footprint includes Pennsylvania, New Jersey, New York, Virginia, Texas, Arizona and California.

The chain currently has five locations in Philadelphia, per the company’s website, at 600 Washington Ave., 923 Arch St., 1717 Chestnut St., 6201 N. Front St., and in the food court at the Hamilton Court apartments at 3816 Chestnut St.

Additionally, there is a Montgomery County store at 7300 Old York Road. in Elkins Park.

*Article courtesy of Philadephia 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.

Barstool Sports-branded bar to open in Philadelphia

A Barstool Sports-branded sports bar is coming to Philadelphia.

Penn National Gaming, which bought a 36% stakein the digital media company last year for $163 million, is building the bar out as a standalone location, CEO Jay Snowden said in the company’s second quarter earnings report this week. The bar is slated to open later this year.

When asked where the forthcoming Philly bar will be located, a Penn National spokesman declined to provide further details.

The Philadelphia location will be one of the initial Barstool-branded sports bars from Wyomissing casino operator Penn National (NASDAQ: PENN). A Chicago location is also in the works and set to debut this year, per Penn National’s earnings report.

Penn National is also working to either open or rebrand five more Barstool Sports retail sportsbooks by the end of 2021, per its earnings report. The company is continuing to bolster its casino offerings by debuting more third-party content, introducing a Barstool-branded live dealer studio in New Jersey, and launching its first in-house developed Barstool-branded online table and slot games by year’s end.

In the second quarter, Penn National generated $1.55 billion in revenue, an increase of $1.24 billion year-over-over and $223 million more versus 2019.

As revenue rebounds from the depths of the Covid-19 pandemic last year, Penn National Gaming is diversifying its assets.

*Article courtesy of Philadephia 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.