Posts Tagged: Philadelphia commercial properties

Suburban Philadelphia Shopping Center Portfolio Set to Trade for Roughly $115M

An international real estate investment firm that’s based in Cyprus and trades on the Tel Aviv Stock Exchange, is ramping up its Philadelphia-area presence and is poised to buy six grocery-anchored shopping centers for an estimated $115 million, according to sources familiar with the transaction. The company has under agreement properties put up for sale last… Read more »

Giant Opening Two-Level, Flagship Supermarket in Logan Square in March

The Giant Company’s ongoing expansion into Philadelphia will make its biggest leap yet next month with the debut of a flagship, two-level market in Logan Square. The project, announced last year, is the centerpiece of the new Riverwalk mixed-used development. The 65,000-square-foot store will be located in a 25-story residential building at 60 N. 23rd… Read more »

Giant’s Flagship Center City Store Sets March Opening, Hiring 220

In Philadelphia, several new developments including South Quarter Crossing, Sharswood Ridge at 2000 Ridge Ave., and a proposed development at 1100 Wharton St. will be anchored by grocery stores. They will join 1300 Fairmount, where an Aldi opened last year, and Rodin Square where Whole Foods has a location. Among the pioneers in this regard is… Read more »

Giant Unveils Plan for New Supermarket in Northeast Philly

The Giant Company plans to construct a new store in Northeast Philadelphia in 2021, adding its fifth location within the city. The Carlisle-based supermarket chain announced Tuesday that it will build the 67,000-square-foot market on Cottman Avenue at the corner of Bustleton Avenue. The new store will include a beer and wine eatery, expanded plant-based… Read more »

Wells Fargo Closing 25 More Branches, Including Two in Philadelphia

Wells Fargo & Co. has announced plans to close 25 more branches, including two in Philadelphia, as part of its broader plan to cut billions of dollars in costs to keep pace with its rivals. The impacted branches include 5458 Germantown Ave. in Germantown and 2300 Snyder Ave. in South Philadelphia. They are among a… Read more »

Draught Horse Pub near Temple University Permanently Closing After 20 Years

Draught Horse Pub & Grill, a go-to watering hole for Temple University students and faculty for the last 20 years, is permanently closing this month, Director of Operations Mike Frost told the Business Journal on Monday. The North Philadelphia concept, known for an extensive beer menu and pub food like tacos, burgers and sandwiches, will close by Feb. 17,… Read more »

TD Bank Closing 81 Branches, Including 11 in the Philadelphia Region

TD Bank will close 81 of its 1,223 retail branches, almost 7% of all locations, as the Covid-19 pandemic accelerates the switch from brick-and-mortar to digital banking. Cherry Hill-based TD, the U.S. retail banking arm of Toronto’s TD Bank Group (NYSE: TD), said the closings will take place by April 23. They include locations in… Read more »