Philly Retail Space

Philly Retail SpaceWolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that represents Philly retail space for lease and sale.

We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we go well beyond simply handling property transactions. As an unparalleled Philadelphia commercial real estate broker, we are a strategic partner whose number-one priority is our client’s long-term growth and success in the Philadelphia retail space market.

Retail businesses looking to buy or lease retail space in Philly can be assured that the professionals at our Philadelphia commercial real estate brokerage firm have the expertise to help you find the Philly retail space that best suits your needs. At Wolf Commercial Real Estate, we make certain that the sale or lease terms for your new Philadelphia retail space work to advance your commercial real estate goals. We’re the Philadelphia commercial real estate broker that is with you from the beginning of the transaction to the end, making the transition to your new retail space in Philly smooth and seamless.

Do You Own Philly Retail Space?

Retail property owners looking to sell or lease retail space in Philadelphia will appreciate the defined marketing strategy that the team at our Philadelphia commercial real estate brokerage firm creates and customizes for each property and sub-market. This process works to effectively and efficiently match buyers and tenants with retail space in Philly.

Retail space in Philadelphia is aggressively priced, and market trends show that the retail business in the region is poised for a massive rebound. For more information, please contact the team at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm.

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Lululemon Doubling Size of Store at Rittenhouse Square

Lululemon Doubling Size of Store at Rittenhouse Square

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 likely to occur in 2026.

Lululemon currently occupies approximately 4,000 square feet at 1720 Walnut St., just steps from Rittenhouse Square near the southeast corner of 18th and Walnut streets. Indochino previously occupied more than 3,300 square feet next door before relocating last week to a 2,100-square-foot space at 1519 Walnut St., two blocks east.

The Rittenhouse Claridge, a 25-story apartment building owned by Philadelphia-based Kaiserman Co., houses both the current Lululemon and the former Indochino spaces. To facilitate Lululemon’s expansion, Kaiserman reportedly allowed Indochino to exit its lease early and helped secure its new location.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Chester County Shopping Center Sold for Millions

Chester County Shopping Center Sold for Millions

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 off Route 100.

Built in 2003, the 26-acre property includes tenants such as Dollar Tree, Starbucks, UPS Store, and Tower Health. As part of the sale, Giant extended its lease—an opportunity High Real Estate Group plans to use to attract additional tenants, according to Senior Vice President Powell Arms.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Bucks County Shopping Centers Sold in $29M Deal

Bucks County Shopping Centers Sold in $29M Deal

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 pricing recently disclosed in property records.

Goodnoe’s Corner, a fully leased 34,660 SF center at 290 N. Sycamore St., features tenants such as Firstrust Bank, AT&T, Apple Cleaners, and Jules Thin Crust. Village Center, at 2363 Pasqualone Blvd., spans 87,705 SF and is anchored by Acme, with other tenants including Wells Fargo and Children’s Dental Health.

The acquisitions bring the joint venture’s portfolio to 20 shopping centers totaling over 2 million square feet. ShopOne specializes in grocery-anchored retail, while Pantheon is a global investment firm.

The deal comes amid a flurry of regional retail activity, including recent sales of Eagle Plaza in Voorhees ($41.7M), Shoppes at English Village in North Wales ($53.6M), and the listing of The Court at Cottman in Northeast Philadelphia.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Redeveloped Northeast Philly Shopping Center Hits Market

Redeveloped Northeast Philly Shopping Center Hits Market

Less than five years after acquiring The Court at Cottman, Abrams Realty and Bock Development have listed the fully leased Northeast Philadelphia shopping center for sale following a major redevelopment.

The joint venture purchased the former three-story Sears building in 2020 for $28.8 million and invested $24 million to transform the vacant space. The 224,000-square-foot property is now anchored by a 60,000-square-foot Giant grocery store and features a diverse tenant mix.

Although initially planning to refinance and hold the asset longer, Abrams Realty owner Peter Abrams said the timing is right to sell. The property, located at 2201 Cottman Ave. near Roosevelt Mall, also sits next to the site of a fatal Jan. 31 plane crash.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

For Sale: Franklin Mall, A Prime Candidate for Redevelopment

For Sale: Franklin Mall, A Prime Candidate for Redevelopment

As the sales of Montgomery Mall in North Wales, Neshaminy Mall in Bensalem, and Exton Square Mall in Chester County move forward, local developer Michael Markman recalls hearing “tons of chatter” about the fate of those struggling retail centers.

But when it comes to the Franklin Mall, the silence is deafening.

The future of the once-thriving Northeast Philadelphia shopping center — formerly known as Franklin Mills and later Philadelphia Mills — remains uncertain. A relic of its 1990s and early 2000s heyday, the massive complex has seen its value plunge by more than 60% over the past 12 years, with vacant storefronts now dotting its interior. The property entered receivership in September as ownership looks to walk away.

Like the other malls before it, Franklin Mall faces an uphill battle — both in remaining viable as a retail destination and in being repurposed for alternative uses, says Markman, president of BET Investments and a veteran in mixed-use suburban redevelopment.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Glu Hospitality Closure Leaves Vacant Spaces in Philly

Glu Hospitality Closure Leaves Vacant Spaces in Philly

Philadelphia restaurant group Glu Hospitality has shut down, splitting its 16 locations across nine concepts among new owners and leaving vacant spaces across the city. Co-founder Derek Gibbons said the company grew too quickly during the pandemic, straining its finances. Founded in 2019 by Gibbons and Tim Lu, Glu also faced lawsuits, wage theft allegations, and a state labor investigation, which remains ongoing. Gibbons insists these issues are unrelated to the closure. In recent months, Glu began transferring ownership of some restaurants while shutting down others.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Giant To Open New Store in Chester County

Giant To Open New Store in Chester County

Giant is expanding its presence in the Philadelphia region with plans for a new 60,000 SF store at the Shoppes of Sadsbury in Chester County. Located at Route 30 and Route 10 in Parkesburg, this will be Giant’s 13th location in the county. Part of a 360,000 SF retail center developed by Villanova-based Provco Group, the store will anchor the project alongside Target. Construction is set to begin later this year, though an opening date has not been announced.

This expansion adds to Giant’s growing footprint in Greater Philadelphia. A 50,000 SF Jenkintown store opens next month, following a 40,000 SF location in South Philadelphia in December. Another store is also under development at Andorra Shopping Center in Northwest Philadelphia.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Increased Expenses Create Tight Retailer Profits

Increased Expenses Create Tight Retailer Profits

Philadelphia’s retail market showed signs of weakening as it approached 2025, with annual net absorption—reflecting the net change in occupied retail space—falling well below historical averages. However, despite this slowdown, the market remains relatively tight, particularly in the suburbs.

Retail locations in Center City continue to face challenges due to reduced office occupancy, yet limited new construction and fewer demolitions of older retail properties have helped maintain stability.

Here’s what CoStar market analytics is hearing from local industry experts about Philadelphia’s retail landscape in early 2025.

*Article courtesy of Costar

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

KOP Mall Nears Deal for Former JC Penney Building

KOP Mall Nears Deal for Former JC Penney Building

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, residences, and a park, as well as converting the space for medical use—none of which materialized.

In June 2022, Wayfair planned to open its flagship store there, featuring a café, rooftop deck, and bar, but the deal fell through in late 2023. Following Wayfair’s exit, Hart said the mall was negotiating with a retailer for the second and third floors while exploring an entertainment concept for the first.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.

Bucks County Shopping Center Sold for $21M

Bucks County Shopping Center Sold for $21M

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 site at the intersection of Street Road and Hulmeville Road, near Bensalem Township Country Club and Cecelia Snyder Middle School, 15 miles north of Center City Philadelphia. Built in 1972, the shopping center is anchored by grocery chain Patel Brothers and includes tenants such as Dollar General, Advance Auto Parts, and Unlimited PCS.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Philadelphia commercial properties for lease or sale through our commercial real estate brokerage firm.