The fully leased Bensalem Shopping Center has been sold to a local private investor for $20.5 million, or $188 per square foot, according to industry sources. An entity affiliated with the Popli family acquired the 109,057-square-foot property from Philadelphia-based Empire Realty Investments Inc. The grocery-anchored center, located at 1903 Street Road, sits on a 9-acre… Read more »
TD Bank plans to close 38 branches across its footprint, including four in the Philadelphia region, amid massive penalties tied to U.S. anti-money laundering issues. The bank did not confirm whether the closures are part of recent cost-cutting efforts but stated it regularly evaluates its branch network to optimize service through a mix of physical… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 1717 South Broad Street, Philadelphia, Pennsylvania 19148. The Philadelphia property is available for lease. The property contains +/- 1,580 square feet, which could be utilized by retail and office users. Features of… Read more »
Rumble Boxing is closing its Center City location after six years, marking a change for the dynamic Walnut Street retail corridor. The Rittenhouse Square location at 1520 Walnut St. will close on March 2, with the company citing “unforeseen circumstances” in an email to customers. The decision, which was not made lightly, has yet to… Read more »
Food hall brand Wonder is making a significant push into the Greater Philadelphia region, with plans to open its first 10 locations this year. New York-based Wonder Group will debut food halls this spring in Ardmore, Fishtown, and at Roosevelt Mall in Northeast Philadelphia. Later in the year, additional locations will open in Rittenhouse Square, South… Read more »
Giant Co. is closing its Heirloom Market grocery store in Center City’s Fashion District on Dec. 28, three years after its opening, according to a state filing. The 32,000-square-foot store at 801 Market St., which employs 61 people, was the largest of Giant’s four Heirloom locations in Philadelphia. Opened in December 2021 in the historic… Read more »
Bank of America plans to open 165 new U.S. branches by the end of 2026, including five in the Philadelphia region. Nearly 40 of these locations are expected to open by the end of this year. According to spokesman Andy Aldridge, the bank will open branches at 3843 West Chester Pike in Newtown Square and… Read more »
An urban indoor golf experience is opening its second Center City location and third overall in Philadelphia. New York-based Five Iron Golf will debut its new venue on the ground floor of Three Logan Square early next year. Located at 1717 Arch St., the office tower is owned by Brandywine Realty Trust. The 4,800-square-foot space… Read more »
Giant is set to open a new grocery store at 701 Cathedral Road in the Andorra Shopping Center, taking over the former Acme location that closed earlier this year. Construction on the new space is slated to begin in 2025, though an opening date has yet to be announced. The grocery chain is leasing the… Read more »
A New Jersey brewery, already established in Fishtown, will soon open a spacious outpost spanning over 10,000 square feet, complete with a rooftop terrace, in Manayunk. Source Brewing announced its plans to debut the new brewery this fall via social media. Managing partner Philip Petracca revealed to the Business Journal that they’ve secured a 10-year… Read more »
