Insomnia Cookies has ambitious growth on the horizon, aiming to roll out 1,500 additional storefronts nationwide over the next 10 years. Founder Seth Berkowitz, who launched the late-night cookie concept in 2003 while attending the University of Pennsylvania, shared that the company is also strengthening its international footprint. New stores are expected to open in… Read more »
Big-box retail growth has hit a pause in the Philadelphia metro area this year, as national retailers scale back expansion plans in response to economic pressures and shifting consumer habits. So far in 2025, just one lease over 50,000 square feet has been executed in the region. That transaction came in March, when Giant committed… Read more »
A high-visibility retail site in Bucks County — featuring a Wawa, a Tractor Supply Co., and nearly 12 acres of undeveloped land — has been sold for $12.17 million. ExchangeRight, an investment firm based in Pasadena, California, purchased the Warwick Village Commons located at 1937 York Road in Jamison from Clifton, New Jersey-based Arctrust. The… Read more »
Wawa has listed a portfolio of seven properties for sale across Southeastern Pennsylvania and South Jersey. The sites, which include closed stores and vacant lots, went on the market May 18 and span from Montgomery County, PA., to Atlantic County, N.J. The properties are being marketed by MSC and can be purchased individually or as… Read more »
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 »
