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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Center City’s The Shops at Liberty Place Up For Sale

The Shops at Liberty Place put up for sale in Center City

The Shops at Liberty Place, a 147,000-square-foot retail destination in Center City, has been listed for sale. The property serves as the retail component of the iconic Liberty Place mixed-use complex. Located at 1625 Chestnut Street, the two-level shopping center anchors a high-traffic urban corridor.

Chicago-based Metropolis Investment Holdings owns the retail property. The firm also owns One Liberty Place, a 61-story, 1.1 million-square-foot office tower. The office tower connects directly to the retail center, creating a fully integrated mixed-use asset.

The retail center is currently 78% occupied. Tenants maintain an average of nearly five years remaining on their leases. This lease stability supports predictable cash flow for potential investors.

Developers originally completed the shopping center in 1990. The retail component followed the development of One Liberty Place shortly thereafter. Rouse & Associates led the original development of the complex. The firm later evolved into Liberty Property Trust. Today, the asset presents a rare opportunity to acquire core retail in Center City Philadelphia.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Former Fairmount Rite Aid Set for Redevelopment

Fairmount Mixed-Use Project Moves Forward After Rite Aid Closure

A local developer plans to break ground on a new mixed-use project in Philadelphia’s Fairmount neighborhood later this month. The development replaces a former Rite Aid location at 20th Street and Fairmount Avenue.


Yoav Shiffman acquired the property through Rite Aid’s bankruptcy auction, creating a new redevelopment opportunity. The project will deliver 28 apartment units alongside nearly 9,000 square feet of street-level retail space. Developers designed the three-story building to activate the corridor and support neighborhood foot traffic. Construction will span two adjoining parcels at 1924–40 Fairmount Avenue.


Together, the lots total more than 15,000 square feet in a prime urban location. Rite Aid filed for Chapter 11 bankruptcy in October 2023 and again in May 2025. The pharmacy chain closed all remaining stores by October, freeing high-visibility retail sites citywide.

As a result, developers continue to target former Rite Aid properties for adaptive reuse projects. This Fairmount redevelopment reflects growing demand for apartments and neighborhood-serving retail in Philadelphia.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Phoenixville Shopping Center Sells for $7.35M

Fully Leased Phoenixville Shopping Center Trades for $7.35M

A fully occupied shopping center in Phoenixville has sold for $7.35 million, according to Chester County property records. The 33,093-square-foot retail property is located at 785 Starr Street.

The center features a diverse tenant mix, including Labcorp, NovaCare Rehabilitation, State Farm, and Benchmark Federal Credit Union. Additional tenants include Habitat for Humanity and Fresenius Kidney Care.

Starr Street Partners, a Pennsylvania-based private investor, sold the property to 785 Starr Street LLC. The buyer is associated with a residential address in Glen Mills.

Built in 2007, the shopping center sits on approximately 3.8 acres. Importantly, the property is located less than one mile from Phoenixville Hospital and downtown Phoenixville.

Additionally, the center benefits from a strong retail setting. The property is shadow-anchored by a nearby Acme supermarket. While Acme was not included in the sale, surrounding tenants benefit from grocery-driven traffic.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Girard Avenue Shopping Center Sells for $10.95M

Abrams Realty buys mostly empty Philadelphia shopping center for $10.95M

A largely vacant shopping center along Girard Avenue in Philadelphia has been sold for $10.95 million. The property contains approximately 42,000 square feet of retail space.

The property at 901 W. Girard Avenue was sold by Soloff Realty & Development Inc. The buyer was Elkins Park-based Abrams Realty & Development. Retail use is expected to be maintained at the 2.4-acre site.

The sale price equates to roughly $260 per square foot. Current tenants include AutoZone Auto Parts, The Laundry Café, and 9th and Girard Pharmacy.

The north portion of the site includes a former Bottom Dollar grocery space. The 18,000-square-foot building has remained vacant since 2015.

Abrams Realty & Development focuses primarily on retail properties in the Philadelphia region. Its portfolio exceeds 3 million square feet and includes 20 shopping centers.

The shopping center was developed in 2014 by Soloff Realty & Development and Tower Investments. The project originally featured Bottom Dollar as an anchor tenant. The store was promoted as the Ludlow neighborhood’s first grocery option.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Honeygrow is Focusing on Growth Outside Philly

Honeygrow plans more than a dozen new restaurants in 2026

Future growth for Honeygrow is being focused outside the Greater Philadelphia region. Expansion plans are targeting the Northeast, Southeast, and Midwest markets.

More than a dozen new restaurant locations are planned for 2026. Growth within the company’s hometown has not been ruled out entirely.

Caution is being exercised regarding additional Philadelphia-area locations. Concerns include potential sales cannibalization among existing restaurants. High rental costs have also influenced site selection decisions.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Rally House Plans Rittenhouse Square Store

Rally House plans Center City store in former Rite Aid space

Rally House is planning its first Center City retail location at 17th and Chestnut streets. A filing has been submitted with the City of Philadelphia outlining the proposed store.

An application was submitted to the Philadelphia Art Commission on December 8. Approval is being sought for exterior signage at 1628–36 Chestnut Street. The signage would be installed on the historic Provident Trust Co. building.

The approximately 13,000-square-foot retail space is located across from the Shops at Liberty Place. The space was previously occupied by Rite Aid. The application is scheduled for review by the Art Commission’s Sign and Streetery Committee.

The review is expected to take place at Wednesday’s committee meeting.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Franklin Mills Mall For Sale

Franklin Mills Mall For Sale

Franklin Mall in Northeast Philadelphia is on the market. Many still call it Franklin Mills, but the property has faced years of falling value and shrinking visitor numbers.

The listing highlights potential new uses for the site. These include industrial and office redevelopment. However, the Sam’s Club and Walmart parcels are excluded.

According to the listing, the property offers control of more than 137 acres in a densely populated area. It also notes that the site could support new densification and large-scale redevelopment.

*Article courtesy of The Inquirer

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

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Northeast Philly Shopping Center Bought for $30.8M

Jeff Brown and family pay $30.8M for ShopRite-anchored center in Northeast Philadelphia

An affiliate of Brown Real Estate has purchased a Northeast Philadelphia shopping center for $30.8 million. The site is anchored by a ShopRite supermarket.

This ShopRite is one of 12 locations run by Brown’s Super Stores. With the acquisition of the Shoppes at Wissinoming, the Brown family now owns both the store and the 98,000-square-foot center. They also own real estate for their Cheltenham and Roxborough stores.

Moreover, the sale reached $314 per square foot, far above this year’s regional average of $220 for grocery-anchored centers.

The shopping center is located at 5597 Tulip St. near Harbison Avenue. Arctrust developed the property in 2018.

It remains 98% occupied by original tenants such as Super Wawa, Popeyes, and AT&T.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Center City Welcomes 27 New Stores

Center City to welcome 27 new stores as rising foot traffic boosts retail

Center City’s retail corridors continue to shift as new businesses arrive and pedestrian activity rebounds. The Center City District 2025 Retail Report highlights 130 new openings over the past year. These businesses span dining, retail and service uses from Vine Street to South Street.

The openings arrive as downtown foot traffic improves. Core Center City, defined as the area between Vine and Pine streets from river to river, averaged 343,540 pedestrians per day. This figure represents a 3.4% increase year over year.

Rittenhouse Row led all corridors with a 9% gain in average pedestrian volume. Additionally, Midtown Village posted a 7% increase. West Market followed with a 4% rise as more employees returned to nearby offices. Even Market East, long challenged, recorded a 1% uptick in daily activity. The findings reflect Placer.ai data analyzed by Center City District.

Storefront occupancy reached 84% in 2025, up 1% from last year. However, performance varied along several key streets. Market Street reached only 68% occupancy, including 72% east of Broad Street and 62% west of Broad. Chestnut Street posted a 79% rate, with stronger occupancy west of Broad. Walnut Street led the group with an 86% occupancy rate.

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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

Saks to Close Two Philly Locations

Saks Off 5th to close 2 Philadelphia-area stores

Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets.

The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an internal review aimed at concentrating resources on stronger-performing and higher-growth markets, according to a report by Women’s Wear Daily.

A representative for parent company Saks Global confirmed the closures, expected to take effect in January, describing them as part of a broader strategy to “optimize our Saks Off 5th footprint by enhancing performance and improving the overall customer experience.”

*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 (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

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