Harris Blitzer Sports & Entertainment and Comcast Corp. have purchased the former Rite Aid at 10th and Market Streets for $15 million, signaling renewed interest in redeveloping the Market East corridor. The 26,000-square-foot building, mostly vacant since Rite Aid closed in 2022, was occasionally used by seasonal tenants like Spirit Halloween. The $577-per-square-foot sale came… Read more »
Insomnia Cookies has ambitious growth on the horizon, aiming to roll out 1,500 additional storefronts nationwide over the next 10 years. Founder Seth Berkowitz, who launched the late-night cookie concept in 2003 while attending the University of Pennsylvania, shared that the company is also strengthening its international footprint. New stores are expected to open in… Read more »
Big-box retail growth has hit a pause in the Philadelphia metro area this year, as national retailers scale back expansion plans in response to economic pressures and shifting consumer habits. So far in 2025, just one lease over 50,000 square feet has been executed in the region. That transaction came in March, when Giant committed… Read more »
A high-visibility retail site in Bucks County — featuring a Wawa, a Tractor Supply Co., and nearly 12 acres of undeveloped land — has been sold for $12.17 million. ExchangeRight, an investment firm based in Pasadena, California, purchased the Warwick Village Commons located at 1937 York Road in Jamison from Clifton, New Jersey-based Arctrust. The… Read more »
In his 27-plus years with IKEA U.S., current COO Rob Olson says he’s never witnessed growth at the pace the company is now pursuing. The U.S. arm of the Swedish home furnishings giant is focusing its expansion on two newer store concepts: smaller-format locations ranging from 50,000 to 100,000 square feet, and “plan and order… Read more »
Atlanta restaurateur Garis Eddington is bringing his latest concept, Tailgate Sports Bar, to the heart of Northern Liberties this August. Located at 1033 N. 2nd St., the new spot promises more than just food and drinks — it’s designed to deliver what Eddington calls a “high-energy dining” experience. Inspired by the spirit and excitement Philadelphia… Read more »
Wawa has listed a portfolio of seven properties for sale across Southeastern Pennsylvania and South Jersey. The sites, which include closed stores and vacant lots, went on the market May 18 and span from Montgomery County, PA., to Atlantic County, N.J. The properties are being marketed by MSC and can be purchased individually or as… Read more »
Just four months after acquiring Fairless Hills Shopping Center, Ocean State Job Lot has sold a Wawa pad site on the property for $6.5 million in an off-market deal, property records show. A private individual purchased the site at 530 Lincoln Highway, which includes a Wawa with gas pumps. Ocean State Job Lot bought the… Read more »
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 »
