United by Blue Founders to Reopen Society Hill Hotel

United By Blue founders to reopen Society Hill Hotel with 15 rooms, new restaurant and bar

The founders of a sustainable apparel and coffee company plan to redevelop the 191-year-old Society Hill Hotel building into a “five-star” boutique property with a whiskey bar-themed dining concept.

Mike Cangi and Brian Linton are aiming for a January or February opening of the new Society Hill Hotel at 301 Chestnut St. in Old City. When it opens, the four-story property will feature an all-day cafe, restaurant and bar on the first floor and 15 rooms across the second, third and fourth levels.

*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.

P.J. Whelihan’s Expanding in Greater Philadelphia

P.J. Whelihan's to open outposts in Conshohocken, on Main Line as part of aggressive local expansion plans

The opening of PJW Restaurant Group’s 23rd P.J. Whelihan’s Pub and Restaurant this fall in Conshohocken will mark the fourth location that the group has opened in just over a year, the most it’s ever brought online within a 13-month time span.

The P.J. Whelihan’s brand is now the sole focus for expansion for Westmont, New Jersey-based PJW Restaurant Group, CEO Jim Fris said. In addition to Conshohocken, the restaurant group, which was founded in 1983 by Bob and Donna Platzer and also consists of The Pour House, The ChopHouse, ChopHouse Grille, Central Taco and Tequila, and Treno Pizza Bar, is also planning a forthcoming location on the Main Line for next year. Its ultimate goal is to continue opening three P.J. Whelihan’s each year in Greater Philadelphia until it has maximized its presence in the region.

*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.

Redevelopment of Roosevelt Mall Bringing New Retailers

$50M Roosevelt Mall redevelopment bringing Sprouts, Raising Cane’s to Northeast Philadelphia

As part of Brixmor Property Group’s $50 million redevelopment of the Roosevelt Mall in Northeast Philadelphia, grocery store Sprouts Farmers Market and quick-service restaurants Panda Express and Raising Cane’s Chicken Fingers are planned to open.

The 24,000-square-foot Sprouts store is scheduled to open in the first quarter of 2024 while the 2,000-square-foot Panda Express and 3,000-square-foot Raising Cane’s are expected to open later in 2024 or 2025.

*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.

Dekalb Plaza Sells for $23.1M

Development buys Dekalb Plaza for $23.1 million

Abrams Realty & Development has added to its local holdings with the $23.1 million acquisition of the Dekalb Plaza, a 178,356-square-foot shopping center in East Norriton.

The seller was Bethesda, Maryland-based Broad Street Realty.

Dekalb Plaza shopping center is 98% leased and anchored by Urban Air and Big Lots. Goodwill, Chick-fil-A, Applebee’s, Sally Beauty and Celebree School are also tenants. Since 2020, Broad Street Realty executed 96,600 square feet of new leases, renewals and extensions.

*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.

Lidl Closing Stores in King of Prussia and Burlington County

Lidl closing king of prussia stores

German grocer Lidl is closing a store in King of Prussia after 18 months, one of several locations being shuttered by the company later this week.

A store at 1601 Burlington-Mount Holly Road in Burlington Township, New Jersey, is also set to close, the Cherry Hill Courier-Post reports.

*Article courtesy of Philadelphia Business Journals

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.

David’s Bridal Potential Buyer May Almost Save 200 Stores

David's Bridal in talks with potential buyer to save almost 200 stores

David’s Bridal is in talks with a potential buyer for some of the company’s assets, a deal that would save thousands of jobs and almost 200 stores across the retailer’s portfolio. 

The Conshohocken wedding dress retailer confirmed it is in “advanced discussions with an interested bidder.” The bid would save approximately 7,000 employees and nearly 195 stores, according to David’s Bridal.

The company did not name the bidder. 

*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.

The Brass Tap, Florida-Based Craft Beer, Opening First Philly Location

A Florida craft beer bar chain is entering the Philadelphia market with a location in Manayunk.

A Florida craft beer bar chain is entering the Philadelphia market with a location in Manayunk. 

Tampa-based brand The Brass Tap plans to open at 177 Markle St. in late 2023 or early 2024. Franchisees Danielle and Izak Du Plooy acquired the property for $689,000 in December of 2021, originally renting the building out to tenants before deciding late last year to look for their own concept to run in the space. 

The couple hopes the forthcoming bar and restaurant will become a place for both Manayunk residents and those from other areas of the city to enjoy. 

*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.

Forman Mills Seeking Buyer

Forman Mills searches for buyer, warns of potential bankruptcy and store closures

South Jersey discount retailer Forman Mills has warned that it will likely file for Chapter 11 bankruptcy protection if it cannot find a buyer, causing the company to close stores and lay off hundreds of employees over the next two months. 

The Pennsauken-based retailer is currently trying to finalize a sale “as a going concern,” according to a letter penned by CFO Kevin Hess and filed with the Pennsylvania Department of Labor and Industry on June 12. If it does not find a buyer, Forman Mills expects to file for Chapter 11 bankruptcy protection and begin closing stores, including seven in Eastern Pennsylvania. 

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

Quartermaster Plaza Back on Market After a Year

Quartermaster Plaza on the market again

A year after buying the Quartermaster Plaza shopping center in South Philadelphia, a joint venture of New York firms DRA Advisors and KRP Centers are looking to sell the property in a deal that could fetch more than $100 million.

DRA Advisors and KRP Centers bought the 456,208-square-foot shopping center last year as part of a 33-property portfolio from Massapequa, New York-based Cedar Realty Trust for $879 million. The sale price of Quartermaster Plaza was $100.1 million, property records show. In 2014, Cedar Realty Trust had bought the property from Cleveland-based Forest City Ratner Cos. for $92.3 million.

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

TD Bank Adding Branch in Philadelphia in 4 Years

TD Bank adding first Philadelphia branch in 4 years, scouts for more

D Bank is opening its first new branch in Philadelphia in four years with at least two more in the planning stage, as the bank is pivoting toward organic growth in the wake of the recent termination of its planned $13.4 billion mergerwith First Horizon Corp.

During the bank’s earnings call last week, executives for the Toronto-based parent company TD Bank Group (NYSE: TD) said the Cherry Hill-based U.S. subsidiary would add 150 branches by 2027, including 18 this year alone. Most of those new branches will be in its growing footprint in Florida and the Carolinas. The bank also said it would add locations in more established markets such as Philadelphia.

*Article courtesy of Smart News

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