Athleisure brand Lululemon is planning a major expansion of its Rittenhouse Square store by nearly doubling its footprint. The company is close to finalizing a deal to take over the adjacent space at 1718 Walnut St., recently vacated by menswear retailer Indochino. While a lease has not yet been signed, sources indicate the expansion is… Read more »
A Chester County shopping center designed around Giant was sold for approximately $27 million by an affiliate of Lancaster-based High Real Estate Group, according to industry sources. The firm purchased the 154,219-square-foot Suburbia Shopping Center in Pottstown from East Norriton-based Gambone Management Co. The center is 85% leased and located at 80 Glocker Way, just… Read more »
A joint venture of ShopOne Centers REIT (New York), Pantheon (London), and a global institutional investor has acquired two open-air retail centers in Bucks County for a combined $28.9 million. The group purchased Goodnoe’s Corner in Newtown for $15.38 million and Village Center in Bensalem for $13.55 million. The sale was announced in March, with… Read more »
The King of Prussia Mall is nearing a deal to bring new retail and entertainment to the former JCPenney building. The 104,065-square-foot space, vacant since JCPenney closed in 2017, is on the mall’s north side. Mall owner Simon Property Group has considered multiple redevelopment options over the past eight years, including a hotel, office buildings,… 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 »
A 10,000 SF retail building across from the King of Prussia Mall is on the market for $13.29M ($1,329 per SF), one of the highest price-per-SF rates in the region. Set for completion by early summer, the property at 129 S. Gulph Road is pre-leased to Cava and First Watch on 10-year terms, with a… 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 »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for Spring House Plaza located at 901 North Bethlehem Pike, Springhouse, Pennsylvania 19477. The Springhouse property is available for lease. The property contains +/- 2,875 square feet, which could be utilized by retail… 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 »
Seven new stores are set to open at Ardmore’s Suburban Square as the retail center expands with a mixed-use development. Kimco Realty, based in Jericho, NY, has partnered with the Bozzuto Group of Greenbelt, MD, to build Coulter Place, a $100 million, five-story project featuring 131 apartments and 20,000 square feet of retail space. Slated… Read more »
