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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Airport Square Shopping Center Acquired by New York Firm

The Airport Square shopping center in Montgomeryville has been sold for $82.5 million, according to a source familiar with the deal, becoming the latest retail property in the area to change hands over the last few months.

The 298,719-square-foot retail center at 801 Bethlehem Pike was bought by a fund advised by Wafra Inc., a New York investment firm. The retail center is 98% occupied and is anchored by T.J. Maxx, Marshalls, Best Buy, Home Goods, HomeSense and Golf Galaxy. Other tenants at Airport Square include Chipotle, Shake Shack, Michaels, Old Navy and the Pour House. 

The seller, according to the source, was an entity affiliated with DWS Real Estate, a global investment firm whose parent company is Deutsche Bank.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Quartermaster Plaza in South Philadelphia sells to New York Joint Venture

The Quartermaster Plaza in South Philadelphia has been sold to a joint venture of two New York firms for $100.1 million as part of a larger portfolio acquisition. 

Property records show DRA Advisors acquired the 456,000-square-foot shopping center from Massapequa, New York-based Cedar Realty Trust. The latter purchased the property in 2014 from Cleveland-based Forest City Ratner Cos. for $92.3 million.

The recent sale is part of 33 grocery-anchored shopping centers DRA Advisors and KPR Centers acquired from Cedar Realty Trust for $879 million. 

Built in 2004, Quartermaster Plaza sits along West Oregon Avenue near Interstate 76. The 24-acre property is anchored by a BJ’s Wholesale Club and Home Depot. Other tenants include Staples, Planet Fitness and PetSmart. Sprouts Farmers Market has signed a lease for a 25,200-square-foot store, according to a marketing brochure from Metro Commercial Real Estate, a brokerage representing the property. Up to 90,000 square feet of additional retail space is also proposed, the brochure shows. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Sprouts Farmers Market to Open Second Philly Location

Sprouts Farmers Market Opening Another Philly Location

Sprouts didn’t immediately respond to a request for more information on the upcoming store and when it might open.

The Quartermaster Plaza and South Philadelphia Shopping Center are in the process of uniting and rebranding under new ownership, with a $250 million redevelopment plan that includes 800,000 square feet of commercial space and 280 new residential units.

A proposed expansion of 90,000 square feet of retail space would be located next to the property leased by Sprouts.

*Article courtesy of Philly Voice

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Jollibee Food Chain Makes Pennsylvania Debut

Jollibee Coming to Philly

Global fast food restaurant chain Jollibee announced it opened its long-expected first location in Pennsylvania in the recently renovated Great Northeast Plaza near the intersection of Bustleton and Cottman avenues in northwest Philadelphia.

The new Jollibee will occupy an outparcel location at 7340 Bustleton Ave., part of the large retail redevelopment of the former Sears-anchored shopping center by a joint venture between Abrams Realty and Development and Bock Development.

While Jollibee is well known in its native Philippines and many other countries with more than 1,500 restaurants worldwide, it has just 85 in North America and the chain remains relatively unknown outside of the Filipino community in the U.S. It has been described as McDonald’s-meets-Kentucky-Fried-Chicken and features popular Filipino-inspired menu items including its signature Chickenjoy fried-chicken dish, its langhap-sarap Yumburger and peach mango pies. The new Philadelphia store is expected to attract long lines of devotees, with the chain’s dancing red bumble bee mascot often in attendance. 

*Article courtesy of Costar

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Wegmans at Montgomery Mall Sells for $22.6M

Wegmans Philly Gets Bought

The site of a Wegmans at the Montgomery Mall has been purchased by an out-of-state real estate investor for $22.6 million, becoming the Philadelphia region’s latest grocery store property to trade hands in the last several years. 

ExchangeRight of Pasadena, California, acquired the 128,000-square-foot Wegmans in North Wales from Kohan Retail Investment Group. Great Neck, New York-based Kohan Retail listed the site a month after buying the Montgomery Mall in a foreclosure sale for $55 million.

Selling off individuals parcels, especially spaces occupied by grocers or other highly regarded tenants, is not uncommon for real estate investors. Buffalo, New York-based Wegmans Food Markets Inc. started its lease on the space at 500 Montgomery Mall North in November 2013. The lease expires in November 2033 and there are five 10-year options to extend the lease.

ExchangeRight specializes in buying net-leased properties — a lease where the tenant pays at least some of the property taxes, maintenance fees and insurance costs. The company’s website also says it looks for deals involving long-team leases and “grocery-anchored shopping centers with investment-grade or equivalent-credit grocery anchors, strong operations/store sales, and strong retail locations.”

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Bagels and Co. Expanding 6 New Philly Locations

Bagel and Co. opens new Philly locations

Glu Hospitality plans to open six new Bagels and Co. locations across Philadelphia in the next few months after launching the fast-casual dining concept last summer as part of a shift in focus amid the pandemic. 

Led by co-founders Derek Gibbons and Tim Lu, the hospitality company was forced to scale back normal operations at restaurants like Añejo and nightlife venue like Vesper Center City due to Covid-19 restrictions.

The first Bagels and Co. opened in June 2021 at the Piazza in Northern Liberties with bagels, coffee, lunch and deli. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia retail space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Dave’s Hot Chicken Plans to Open 8 Locations in Philly

Dave's Hot Chicken opening in Philly

Amazon Fresh is Now Open in Montgomery County Shopping Center

Amazon Fresh Montgomery County Now Open

A new Amazon Fresh grocery store is being planned for the Willow Grove Shopping Center, state filings show, as part of a multimillion-dollar overhaul taking place at the nearly 70-year-old Montgomery County retail complex. 

Filings show Amazon Retail LLC has applied for a Pennsylvania liquor license to be used at 102 Park Ave., the address of a shuttered Barnes & Noble bookstore. In marketing material posted to its website, Federal Realty Investment Trust says an ongoing renovation of the 183,000-square-foot shopping center will include an unnamed “new-to-market grocery concept.”

City Fitness is Opening a Seventh Philly Location

City Fitness opening 7th location in Philly

City Fitness plans to open its seventh Philadelphia gym, marking the latest expansion for the homegrown chain. 

The company is taking over a space previously occupied by Sweat Fitness at 45 N. 3rd St. in Old City. The three-floor, 15,000-square-foot gym is undergoing renovations and scheduled to open in November. y 

City Fitness opened its first location 15 years ago at 2nd and Spring Garden streets in Northern Liberties. 

Led by owner and CEO Ken Davies, the company now operates additional locations in East Market, Fishtown, Graduate Hospital, Logan Square and a recently opened space in East Passyunk. The company says it has over 16,000 members.

*Article courtesy of Philadelphia Business Journal

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

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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

Bucks County franchisee looks to add 30 Philadelphia-area Qdobas

A Bucks County franchisee is eyeing the Philadelphia region for its ambitious growth plans, with intentions to open 30 new Qdoba locations in the area. 

The Integritty Group is opening its 31st Qdoba location in Bensalem off of Route 1 on July 25. That will kick off plans to open a total of 60 more over the next 10 years across five states, including the 30 in Greater Philadelphia. The group currently has at least four active letters of intent under negotiation in the Philadelphia area as well as four active leases in the tri-state area for new Qdoba openings.

The fast-casual Mexican restaurant operates 760 locations in the U.S. across 45 states, including 21 in the Philadelphia area. The Integritty Group owns Qdoba locations in Pennsylvania, New Jersey, Delaware, New York and Florida. 

“Right now our main focus is where we kind of started; in this Bucks, Montgomery county area and there’s a lot of growth coming,” said Shane Lenahan, who is the group’s director of operations. 

*Article courtesy of Philadelphia Business Journal

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

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.

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