More than half of all Bryn Mawr Bank Corp. branches will close after it merges into WSFS Financial Corp. Wilmington-based WSFS (NASDAQ: WSFS) identified the 34 locations in a recent regulatory filing, including 22 of 41 branches from Bryn Mawr subsidiary Bryn Mawr Tust and 12 of the 89 WSFS Bank locations. The shuttered branches… Read more »
Giant Co. opened its new $27 million, 65,000-square-foot flagship store at Riverwalk, a newly developed apartment complex fronting the Schuylkill River on North 23rd Street in Center City to a crowd of eager and curious shoppers. For Giant Co., a Carlisle-based company, the two-story location is the culmination of exploring other respected grocers to gather… Read more »
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 »
Grocery Outlet Bargain Market has opened in East Norriton, becoming the newest supermarket to enter the Philadelphia area and adds to the growing competition throughout the region. The Emeryville, California, chain, which is part of Grocery Outlet Holding Corp., joins other discount grocers that have expanded in the region including Lidl and Aldi in addition… Read more »
JPMorgan Chase & Co. opened its 34th local branch in Newtown Square on Tuesday and has three more planned for later in the month. That will bring the New York banking giant to 37 Philadelphia-area locations as it nears the halfway point of a five-year plan to open 50 sites in the region. The bank… Read more »
Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, now has available Philly retail space for lease at 925-927 South Ninth Street Philadelphia PA. This well-located Philly retail space has 2,388 square feet available at 925-927 South Ninth Street Philadelphia PA. This Philly… Read more »
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 »
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 »
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 & 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 »
