Baederwood Shoppes on the Fairway Trades for $43.3 Million A joint venture between Charter Realty & Development Corp. and an open-end institutional fund sponsored by Inland Institutional Capital has purchased Baederwood Shoppes on the Fairway in Abington, Pennsylvania, for $43.3 million, or about $371 per square foot. The 116,778-square-foot center at 1537-1659 Fairway Valley Road… Read more »
Posts Tagged: commercial real estate market
Grocers, Fitness Centers Helping Keep Philly Retail Leasing Afloat
Philadelphia is about to enter its 10th straight year of economic expansion involving national and Philadelphia commercial real estate markets, but owners of local retail properties continue to face a challenging and fast-changing market. At just under 1 percent year-over-year, market-wide rent growth among retail properties in the U.S. commercial real estate market – including… Read more »
Topgolf entertainment complex planned at former Nabisco site in Northeast Philly
The owner of the former Nabisco plant in Northeast Philadelphia has a deal with Topgolf International Inc. for the company to build one of its golf-themed entertainment complexes at the Roosevelt Boulevard and Byberry Road site. Michael Cooley, vice president of site owner Provco Group’s real estate division, told members of the Somerton Civic Association… Read more »
2601 Orthodox Street, Philadelphia, Pennsylvania
January 10, 2019 WCRE is proud to have exclusively represented THIRD FEDERAL S L ASSOCIATIONd/b/a BB&T Bank in the sale of 2601 Orthodox Street, Philadelphia, Pennsylvania to a private investor, James Mayberry. 2601 Orthodox Street is a +/- 3,456 square foot free standing property situated on +/- 0.05 acres. This well located building is a corner property… Read more »
New Fast-Food Lanes Lead to Fast Restaurant Sales Growth Nationally
Leonard Comma, Chief Executive of Jack in the Box, is investing as much as $45 million over the next three years on digital menu boards and canopies to make the fast-food chain’s drive-thru lane experience faster and more personal. Quick-service purveyors across the nation, such as Starbucks Corp. and Dunkin’ Brands Group Inc. are also… Read more »
Is Your Company Growing or Downsizing?
How to Find the Best Property for Your Business. Here are five key decision factors to consider when searching for your business’s first or next office location. 1. Identify the Needs of Your Employees Think about how many jobs you, your friends, colleagues and family members haven’t applied for due to office location? Completing… Read more »
Papa John’s Financial Woes Could Help Boost Landlord Profits
Nationally ostracized Papa John’s has become such a commercial real estate pariah that it seems landlords wouldn’t mind losing the pizza chain as the company faces the prospect of closing 250 restaurants across the country. Landlords across the U.S. commercial real estate market, including Philly retail space, are concerned the chain’s highly publicized missteps by… Read more »
Retail Incubator Firms Help to Fill Space in Vacant Malls
Mall operators are taking a page from the playbook of their office counterparts and setting up retail incubators in some of the space left vacant by departed department and apparel store retailers. Offering retail and technology startups a shared space to test their concepts in the U.S. commercial real estate market, including Philly retail space,… Read more »
Shopping Center Demand Falls to Six-Year Low
Demand for mall and shopping center space by retailers fell to its lowest level in six years in the first quarter of 2018 as retailers continued to focus on their top-performing locations and shed marginal stores, with announced store closures totaling nearly 100 million square feet so far this year alone. The balancing act was… Read more »
Nine West Closures Will Stagger, Not Knock Out, CRE Outlet Market
The recent Chapter 11 bankruptcy reorganization filing of shoe and apparel wholesaler Nine West Holdings Inc. focused the retail spotlight on the outlet center segment of the commercial real estate industry. Despite the bad news for the U.S. commercial real estate market – including Philly retail space – that Nine West is closing all 70… Read more »
