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 »
Despite a steady construction pipeline in recent years, retail development in the Philadelphia area has reached a new low in 2024. With just one quarter remaining, the year is on pace to have the fewest retail construction starts in decades, mirroring a nationwide trend. Only 200,000 square feet of retail space has broken ground in… Read more »
Haverford Retail Partners (haverfordretail.com), a Bryn Mawr, PA-based owner and operator of retail real estate investments, has expanded its portfolio with the acquisition of Springfield Center, a prominent 176,698-square-foot retail property. The fully leased center is home to eight national and regional tenants, including Barnes & Noble, DSW, Marshall’s, and Bob’s Discount Furniture. “We’re excited… Read more »
As construction on the next buildings at Schuylkill Yards awaits optimal timing, Brandywine Realty Trust is ramping up its focus on expanding retail at the University City master-planned development. “Retail is really where we’re focused,” said Jeff DeVuono, Managing Director for Brandywine Realty Trust’s Pennsylvania region. “That’s the area where we’re currently lacking. We’re not… Read more »
A grocery-anchored shopping center in Bucks County, Feasterville Plaza, has sold for $18.5 million, 8% less than its 2011 sale price, according to property records. The 110,000-square-foot center at 1045 Bustleton Pike in Feasterville was purchased by an entity owned by Nandish Patel, founder of Phoenix Nexus Enterprises. The previous owner, FTP Feasterville Plaza LP,… Read more »
Pharmacy chain Rite Aid has exited Chapter 11 with a streamlined footprint of about 1,300 stores, down from 2,100 before its bankruptcy filing nearly a year ago. The Philadelphia-based retailer announced it has completed its restructuring, emerging with a “focused portfolio,” a “more efficient operating model,” and “significantly less debt.” The company has eliminated approximately… Read more »
The former Lord & Taylor store at King of Prussia Mall, set to become a Netflix retail, dining, and entertainment venue, is now for sale. The 120,000-square-foot building at 180 N. Gulph Road, built in 1995 on over 2 acres, was listed on August 30 without an asking price. The property, last assessed at $7.37… Read more »
