Harris Blitzer Sports & Entertainment and Comcast Corp. have purchased the former Rite Aid at 10th and Market Streets for $15 million, signaling renewed interest in redeveloping the Market East corridor.

The 26,000-square-foot building, mostly vacant since Rite Aid closed in 2022, was occasionally used by seasonal tenants like Spirit Halloween. The $577-per-square-foot sale came from a group including former Goldman Sachs executive Jeanette Loeb.

HBSE had initially targeted the site as part of plans for a new Sixers arena at the nearby Fashion District, which were scrapped in January. Now, in partnership with Comcast — owner of the Flyers via Comcast Spectacor — attention shifts to a new shared arena at the South Philly Sports Complex.

*Article courtesy of Philadelphia Business Journal

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