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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Shopping Center in South Philly Up For Sale

Columbus Commons Philadelphia Shopping Center For Sale

A prominent South Philadelphia shopping center with a strong tenant lineup has hit the market.

Goldenberg Group, a Blue Bell-based developer, has listed the fully occupied Columbus Commons at 2106 S. Christopher Columbus Blvd. for sale. The retail center, developed nearly 20 years ago, spans 643,810 square feet in total. However, the listing excludes Ikea and Lowe’s, which own their individual properties as shadow anchors.

The portion for sale covers 124,853 square feet and is anchored by long-standing tenants such as Best Buy, Raymour & Flanigan, and Dollar Tree. The shopping center boasts an impressive average tenant tenure of 17.6 years, with a weighted average lease term of 4.2 years.

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

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

Macy’s to Close Center City Store in Wanamaker Building, Hitting Market East Hard

Macys Closing Wanamaker Bldg
Macy’s plans to close its 435,000-square-foot store in the historic Wanamaker building by the end of March, marking a significant setback for East Market’s struggling retail scene. The announcement, made Thursday, is part of the retailer’s larger strategy to shut down 150 stores nationwide by 2026, including 65 closures this year. Among the first wave of closures is Macy’s at Exton Square Mall in Chester County.

City officials discussed the Center City closure during a Thursday press conference, describing it as an opportunity to rethink and revitalize East Market Street.

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

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

Cherry Hill Deli Opening in King of Prussia

Cherry Hill Deli Opening in King of Prussia

The Kibitz Room, a 23-year-old Cherry Hill Jewish delicatessen, is expanding to King of Prussia. The deli has signed a 20-year lease for 128 Town Center Road, aiming for a March opening, according to owner Brandon Parish. The space, formerly home to Michael’s Deli and most recently KOP Grill & Tavern, will offer a local alternative in a region dominated by national chains like Chick-fil-A and Eddie V’s Prime Seafood.

The new location will be a “Jewish delicatessen on steroids,” Parish said, featuring 7,900 square feet and seating for 170, including a private event space. This is a significant upgrade from the original Cherry Hill location, which accommodates about 50 customers in 2,000 square feet. Parish, who took over operations from his parents Neil and Sandy, has led the family-owned business into its next phase. The Cherry Hill location was opened in 2001 by founder Russ Cowan, who previously owned Queen Village’s Famous 4th Street Delicatessen. Although The Kibitz Room initially planned a second location in North Wales, those plans fell through, making King of Prussia its first expansion.

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

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

Suburban Square adds 7 stores in 2025

Suburban Square adds 7 stores in 2025

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 for completion in mid-2025, some retail spaces have already been leased. Suburban Square, a 355,000-square-foot property, is currently 99% leased, with only two existing spaces available, according to MSC Principal Douglas Green, who, along with Brittany Goldberg, handles leasing for Kimco.

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

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

Fried Chicken Chains Plan Expansions in Philadelphia

Fried Chicken Chains Plan Expansions in Philadelphia

The Philadelphia region has experienced a surge in fried chicken restaurants, with new openings and leases multiplying over the past year. Local and national brands are seizing the opportunity, securing locations across the city and suburbs to meet rising demand. In 2024, fast-casual and quick-service chicken concepts signed at least 22 leases—double the total from 2023—indicating a thriving market.

Leading the charge is local favorite Federal Donuts & Chicken, which opened a new 5,000-square-foot flagship in South Philadelphia and signed leases for four additional locations. These include three suburban spots in Willow Grove, Radnor, and Conshohocken, plus a Philadelphia International Airport location set to open in spring 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, a full-service CORFAC International brokerage, and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.

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

Wawa Closing Third Philly Location

Wawa to close its third Philadelphia store this year

Wawa is closing another Philadelphia location, marking its third closure in the city this year. The store, located at 33 S. 16th St. and spanning 3,000 square feet, will shut down on Monday. In an emailed statement to the Business Journal, Wawa spokesperson Lori Bruce explained that the store’s smaller size made it difficult to deliver the full Wawa experience and offerings that customers expect.

The 16th and Ranstead location, which opened in 2020, was part of a pilot program testing a compact, urban retail format with features like a walk-up window. According to the “site submission” page on Wawa’s website, the company typically prioritizes opening locations ranging from 4,000 to 6,000 square feet.

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

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

Philadelphia Inflation Remains Stubbornly High

Philadelphia Inflation Remains Stubbornly High

The Philadelphia metro area continues to outpace the national average in inflation, with October 2024 figures showing a 3.4% annual increase compared to the 2.6% national rate. This persistent gap reflects ongoing regional economic pressures. While inflation has eased from early 2024 peaks, when Philadelphia exceeded 4%, the local rate has consistently averaged 0.8 percentage points higher than the national figure. Shelter costs, the largest component of the consumer price index, remain a key driver. In October, Philadelphia’s shelter costs rose 5.1% year-over-year, slightly above the national increase of 4.9%. Excluding shelter, Philadelphia’s inflation rate stands at 2.3%.

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

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

Trader Joe’s Announces Second Chester County Location

Trader Joe's Announces Second Chester County Location

Trader Joe’s is set to open its second Chester County store in Berwyn at 550 Lancaster Ave., the company announced on its website. While no opening date has been provided, the new location will occupy a 14,000-square-foot corner space in the Berwyn Shopping Center, previously home to a CVS Pharmacy that closed in September 2023. The store will not sell alcohol, and Trader Joe’s did not immediately comment on the plans. Trader Joe’s stores typically range from 8,000 to 15,000 square feet, smaller than the average grocery store format of 40,000 square feet.

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

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

Giant Closing Center City Store After 3 Years

Giant Closing Center City Store After 3 Years

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 Strawbridge’s building, it was part of a push to expand the urban-focused concept. The closure reflects ongoing challenges in the Market East corridor and Fashion District. Giant’s other Philadelphia locations include a 65,000-square-foot flagship store at Riverwalk and a location at 510 N. Broad St.

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

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

TGI Fridays to Exit 80 U.S. Leases

TGI Fridays to Exit 80 U.S. Leases

A U.S. bankruptcy judge has approved TGI Fridays’ plan to exit 78 restaurant leases and its Dallas headquarters office lease, saving the chain about $1.4 million per month. This move follows the closure of several locations and TGI Fridays’ Chapter 11 filing due to financial struggles linked to the pandemic and its capital structure. The bankruptcy case does not affect the 122 U.S. franchised locations or 316 international franchised restaurants, as they are independently owned.

After exiting these leases, TGI Fridays will operate only 39 company-owned U.S. locations, down from 117 before bankruptcy. An attorney for the chain stated that TGI Fridays retains the right to reject additional leases during the proceedings. The court also approved $3.3 million in interim debtor-in-possession financing.

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

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