Posts Tagged: Philadelphia

Three Rittenhouse Square Buildings Back on the Market

Three adjacent buildings in Rittenhouse Square, including one that was home to the former Irish Pub, are back on the market with an asking price of $7 million. The properties, at 2007-11 Walnut St., include the old restaurant space, 10 residential units and an office. Situated on the northwest corner of Walnut and S. 20th… Read more »

WCRE Completes Retail Storefront Lease in Montgomery Township, PA

PA 309 and Witchwood Drive Montgomery Township PA

WCRE is proud to have exclusively represented The Kibitz Room, in the lease of a 3,750 square-foot retail storefront being constructed at PA-309 and Witchwood Drive, Montgomery Township, Pennsylvania, joining  Wawa, Citadel Credit Union and Salvatore Outdoor. The Kibitz Room is operated by the renowned Owners of the popular Kibitz Room in Cherry Hill, NJ and… Read more »

Demand for Store Space Drives Philly Retail to New Lows

Steady Demand for Store Space Drives Philadelphia’s Retail Availability to New Lows

Despite concerns of a retail apocalypse over the past decade from the threat of online shopping, which was heightened during the pandemic, recent leasing performance on the part of Philadelphia retailers tells another story. Retail space listed on the market in the Philadelphia region is now at 18.7 million square feet — 20% below the… Read more »

PREIT Selling Both Exton Square Mall and Plymouth Meeting Mall

PREIT explores sale of Plymouth Meeting, Exton Square malls to shore up cash

PREIT said Thursday it’s still looking to sell Exton Square Mall, and now Plymouth Meeting Mall, the next move in its saga to generate cash with a pivotal loan deadline looming. The Business Journal reported Exton Square Mall was under agreement last spring to sell to Brandywine Realty Trust for $28.8 million, but PREIT revealed the deal… Read more »

Auto Body Repair Shop Available For Sale

6741 Essington Ave Philadelphia PA

Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 6741 Essington Ave in Philadelphia, Pennsylvania. The Philly property is available for sale, priced at $899,000. The property is +/- 4,182 square-feet and is zoned I-2. Features of 6741 Essington Ave in… Read more »

David’s Bridal Laying Off More Than 9,000 Employees

David's Bridal Laying Off More Than 9,000 Employees

David’s Bridal is laying off more than 9,000 workers, including many in the Philadelphia region, and the company may be sold. The Conshohocken-based wedding gown chain said in a notice to the Pennsylvania Department of Labor and Industry that it would be laying off 9,236 people across the United States. A specific number for Pennsylvania… Read more »

Sporting Club Reopening After 3 Years at the Bellevue

Sporting Club at the Bellevue reopening after three years with extensive renovations and new golf pavilion

The Sporting Club at The Bellevue has set a planned reopening date after being closed for most of the last three years due to pandemic-related shutdowns and renovations.  The 110,000-square-foot Center City fitness center plans to reopen in July, according to Fran Cassidy, the general manager. Cassidy said the high-end club aims to starting giving tours… Read more »

Target Closing Center City Philadelphia Location

Center City Target Closing Store Location

Target Corp. is closing its store at 12th and Chestnut streets in Center City nearly seven years after opening the location.  The company said it will shutter the 19,000-square-foot Washington Square store due to several years of declining performance. The store, one of Target’s small-format locations, is scheduled to close May 13.  Target (NYSE: TGT)… Read more »

Rita’s to Open 40 Stores, Adding More Drive-Thrus

Rita's to open 40 stores, add drive-thrus and new Italian ice flavors

Rita’s Italian Ice & Frozen Custard plans to open 40 new locations and add a new product line this year. The company, headquartered in Trevose, will expand into Missouri and add to its presence in Midwest states such as Illinois, Texas and Oklahoma. Rita’s CEO Linda Chadwick said that although the brand is primarily regional, it has… Read more »