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 »
Posts Tagged: Philadelphia commercial real estate
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 »
Philadelphia’s Proposed One Percent Tax on New Construction
Is Philadelphia’s proposed one percent tax on new construction a good compromise or a fools bargain? The Philadelphia City Council announced new legislation on April 11, 2018, that includes a new one percent tax on new construction that would raise revenue for the Housing Trust Fund, the city’s dedicated source for developing new affordable housing, preserving existing… 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 »
Philly Retail Space
Wolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that represents Philly retail space for lease and sale. We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we… 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 »
Shopping Centers Expect to See Performance Boost from Closing Weaker Stores
The U.S. retail vacancy rate increased by 10 basis points for the second-straight quarter to hit 5.2 percent in the third quarter of 2017 as retail leasing and net absorption slowed despite continuing improvement in the broader economy and growing consumer spending power, according to CoStar analysts. A slowdown in third-quarter leasing performance for the… Read more »
