A major Montgomery County shopping center has changed hands in a $50 million retail real estate transaction. Echo Realty and TPG acquired Water Tower Square from The Goldenberg Group through their newly formed joint venture. Located at 751 Horsham Road in Montgomery Township, the property spans 269,018 square feet. The fully leased shopping center sold… Read more »
Starbucks is closing three more locations across Philadelphia and South Jersey as the coffee chain adjusts its regional retail footprint. The latest closures bring the company’s total to nine local stores in less than two years. Two Philadelphia cafes will close at 1018 North 2nd Street and 2201 South Street. The locations serve the Northern… Read more »
Uncle Giuseppe’s Marketplace is entering the Greater Philadelphia market with two new grocery stores planned for late 2027. The upscale Italian grocery chain will open locations in King of Prussia and Moorestown, New Jersey. Together, the new stores are expected to create at least 500 jobs across the Philadelphia region. In King of Prussia, Uncle… Read more »
Trader Joe’s is expanding into South Philadelphia for the first time with a planned store along Columbus Boulevard. The grocery chain will anchor a new shopping center at 1505-25 South Columbus Boulevard in Pennsport. The property sits near the intersection of Columbus Boulevard and Dickinson Street. The new store would become Trader Joe’s third Philadelphia… Read more »
A nearly 28,000-square-foot retail development called Shops at the Italian Market is moving through the approval process in South Philadelphia. Development plans are advancing for a prominent property in the heart of Philadelphia’s Italian Market. The site at 1101-03 South 9th Street has been considered for several development concepts since 2012. However, the latest proposal… Read more »
Pvolve has signed a lease to open a new boutique fitness studio in Philadelphia. As a result, the brand is expanding into the Center City market. The studio will occupy 2,086 square feet at 1735 Market Street. The building is located in the heart of the central business district. The location is expected to open… Read more »
Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward. The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills. However, the property entered… Read more »
Firstrust Bank plans to grow assets by one-third as part of a strategic plan through 2030. The bank also plans to open new retail branches for the first time in six years. CEO Tim Abell said Firstrust wants to expand its geographic footprint. Specifically, the bank plans to open one branch in South Jersey and… Read more »
Seattle-based retailer Nordstrom, Inc. will open two Nordstrom Rack locations in Eastern Pennsylvania this fall. The openings will align with the holiday shopping season. In Exton, Nordstrom Rack signed a lease at Main Street at Exton. The 652,776-square-foot open-air lifestyle center sits along Route 100 in Chester County. Wolfson Group owns and manages the property…. Read more »
Spread Bagelry is seeking to raise $15 million to fund a two-year expansion plan. The Philadelphia-born brand aims to double its store footprint by the end of 2028. CEO Tom Selementi said the company plans to open 15 to 18 new locations, including a new site in Philadelphia’s Fairmount neighborhood. Spread is currently majority-owned by… Read more »
