Sprouts Farmers Market to Open 6 Locations in Philadelphia Area

Sprouts Farmers Market opening 6 new locations across the Philadelphia area

Five years after Sprouts Farmers Market entered the Philadelphia region, the Phoenix-based grocery chain is expanding its commitment to the area with plans to open at least six more stores in the next two years.

Sprouts opened its first local store in 2018 at South Broad and Washington streets in South Philadelphia. Since then, it has opened four other area locations in Upper Dublin; Haddon Township and Marlton, New Jersey; and Wilmington, Delaware.

*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.

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Topgolf in Philadelphia up for Sale

Topgolf up for sale at Northeast Philly location

The Topgolf off Roosevelt Boulevard in Northeast Philadelphia has been listed for sale nearly 18 months after opening.

Located at 2140 Byberry Road off Roosevelt Boulevard, the 16.4-acre property and the 68,000-square-foot building are listed on online real estate platform Crexi as “unpriced.”

Topgolf’s operations will not be impacted by any potential sale of the property.

*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 Marshalls Space in Center City Filled with Ross Dress for Less

Former Marshalls space in Center City to get new retail tenant

The shuttered Marshalls store at 10th and Market streets will be filled by Ross Dress for Less, another discount retailer currently with space on Market Street.

The Marshalls at 1044 Market St. closed in mid-January, leaving yet another vacancy on Market East across from the Fashion District. Now, Ross will relocate to the 26,000-square-foot space, according to Michael Hirschhorn, president of Jenel Real Estate, which owns the building. Ross currently has a store in the Lits building at 701 Market St., just a few blocks away.

The property at 10th and Market streets, which has been owned by New York-based Jenel Real Estate since 2000, also includes a CVS and the Freire Charter School. The entire building is 103,000 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.

Estia Group Targets Space for New Rittenhouse Square Hotel

Estia Group targets space next to Hyatt Centric hotel for new Rittenhouse Square restaurant

A local hospitality group is eyeing the ground-floor space attached to the Hyatt Centric Center City Philadelphia hotel in Rittenhouse Square for its next restaurant, city zoning documents show.

A zoning permit issued on Aug. 25 allows for two signs to be erected on the building’s exterior at the corner of Chancellor and 17th streets bearing the name Anthos. The 6,396-square-foot space is retrofitted to support a restaurant, and zoning documents show it is approved for use as an eating and drinking establishment and take-out restaurant.

According to Pennsylvania Liquor Control Board records, there is a liquor license in safekeeping for a concept with the same name and location obtained by a licensee registered to 1405 Locust St., the address for Estia Restaurant and Estia Group’s owners, the Pashalis family. The hospitality group also operates Pietro’s Pizzeria at 1714 Walnut St., near the Chancellor Street spot, along with another Pietro’s Pizzeria outpost in Radnor and two Estia Taverna locations in Radnor and Marlton, 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.

Philadelphia Suburbs Retail Rents Flourish but Not for Center City

As Retail Rents Flourish in Philadelphia’s Suburbs, Center City Stalls

As Philadelphia’s premier suburban retail districts continue to see strong interest from retailers and corresponding rent growth, retail locations in Center City’s downtown districts have seen average rents decline in the past year.

The Market West, Market East and Independence Hall retail districts—all located in Center City—have decreased between -1.5% and -0.9%, falling behind the region’s average 1.9% annual rent growth performance for retail space. The trio of downtown districts were the only areas in the region to see retail rents turn negative across the region’s top retail districts, those with the highest average market rents.

*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.

United by Blue Founders to Reopen Society Hill Hotel

United By Blue founders to reopen Society Hill Hotel with 15 rooms, new restaurant and bar

The founders of a sustainable apparel and coffee company plan to redevelop the 191-year-old Society Hill Hotel building into a “five-star” boutique property with a whiskey bar-themed dining concept.

Mike Cangi and Brian Linton are aiming for a January or February opening of the new Society Hill Hotel at 301 Chestnut St. in Old City. When it opens, the four-story property will feature an all-day cafe, restaurant and bar on the first floor and 15 rooms across the second, third and fourth levels.

*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.

P.J. Whelihan’s Expanding in Greater Philadelphia

P.J. Whelihan's to open outposts in Conshohocken, on Main Line as part of aggressive local expansion plans

The opening of PJW Restaurant Group’s 23rd P.J. Whelihan’s Pub and Restaurant this fall in Conshohocken will mark the fourth location that the group has opened in just over a year, the most it’s ever brought online within a 13-month time span.

The P.J. Whelihan’s brand is now the sole focus for expansion for Westmont, New Jersey-based PJW Restaurant Group, CEO Jim Fris said. In addition to Conshohocken, the restaurant group, which was founded in 1983 by Bob and Donna Platzer and also consists of The Pour House, The ChopHouse, ChopHouse Grille, Central Taco and Tequila, and Treno Pizza Bar, is also planning a forthcoming location on the Main Line for next year. Its ultimate goal is to continue opening three P.J. Whelihan’s each year in Greater Philadelphia until it has maximized its presence in 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, 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.

Redevelopment of Roosevelt Mall Bringing New Retailers

$50M Roosevelt Mall redevelopment bringing Sprouts, Raising Cane’s to Northeast Philadelphia

As part of Brixmor Property Group’s $50 million redevelopment of the Roosevelt Mall in Northeast Philadelphia, grocery store Sprouts Farmers Market and quick-service restaurants Panda Express and Raising Cane’s Chicken Fingers are planned to open.

The 24,000-square-foot Sprouts store is scheduled to open in the first quarter of 2024 while the 2,000-square-foot Panda Express and 3,000-square-foot Raising Cane’s are expected to open later in 2024 or 2025.

*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.

Dekalb Plaza Sells for $23.1M

Development buys Dekalb Plaza for $23.1 million

Abrams Realty & Development has added to its local holdings with the $23.1 million acquisition of the Dekalb Plaza, a 178,356-square-foot shopping center in East Norriton.

The seller was Bethesda, Maryland-based Broad Street Realty.

Dekalb Plaza shopping center is 98% leased and anchored by Urban Air and Big Lots. Goodwill, Chick-fil-A, Applebee’s, Sally Beauty and Celebree School are also tenants. Since 2020, Broad Street Realty executed 96,600 square feet of new leases, renewals and extensions.

*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.

Lidl Closing Stores in King of Prussia and Burlington County

Lidl closing king of prussia stores

German grocer Lidl is closing a store in King of Prussia after 18 months, one of several locations being shuttered by the company later this week.

A store at 1601 Burlington-Mount Holly Road in Burlington Township, New Jersey, is also set to close, the Cherry Hill Courier-Post reports.

*Article courtesy of Philadelphia Business Journals

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.