Posts Categorized: Philadelphia office space

Another Wawa Location in Philadelphia is Set to Close

Another Wawa Location in Philadelphia is Set to Close

Another Wawa store in Philadelphia is shutting its doors. A spokesperson for the Delaware County convenience store and gas station chain confirmed to the Business Journal that Wawa did not receive a lease renewal offer for its location at 2000 Hamilton St., near Fairmount and the Philadelphia Museum of Art. The company declined to provide… Read more »

Prominent Mixed-Use Space For Lease

1719 Chestnut Street, Philadelphia, Pennsylvania

Wolf Commercial Real Estate has been appointed as the leasing agent to market 1719 Chestnut Street, Philadelphia, Pennsylvania. The property has +/- 3,300 sqaure feet available for lease. 1719 Chestnut Street is ideal for retail or office users. The property has an open floor layout with three private offices, a conference room, and elevator access…. Read more »

PREIT is Eyeing Apartments on its Mall Properties

PREIT Apartments

PREIT’s plan to gain approval for multifamily developments at six of its mall properties has now swelled to as many as 7,000 apartments, CEO Joseph Coradino told the Philadelphia Business Journal. After selling off more than 20 malls in the past two decades, the Philadelphia company’s strategy has shifted to maximizing its remaining properties by… Read more »

Gap to Close Two-Story Center City Store After More Than 20 Years

Gap Inc. is vacating its store at 1510 Walnut St. in Center City and laying off 32 employees as a result of the closure, according to a Worker Adjustment and Retraining Notification filed with the Pennsylvania Department of Labor and Industry. Gap has been a Walnut Street mainstay, having been in space on the street… Read more »

Amazon Grocery Store Coming to Northern Liberties Project

Amazon.com Inc. has signed a lease for one of its new grocery stores in the Northern Liberties neighborhood of Philadelphia, according to sources familiar with the deal. The online retailer has taken 40,000 square feet of 60,000 square feet that is proposed for a new apartment complex at 5th and Spring Garden streets, the sources… Read more »

Crunch Fitness Opens New Location in Philadelphia

International Fitness Chain Inks Deal at Northeast Shopping Center Crunch Fitness, a fitness center chain headquartered in New York, is opening a new location in Philadelphia. The gym has leased 30,619 square feet at Northeast Shopping Center. Located at 9165-9175 Roosevelt Blvd., the center spans 42.5 acres less than two miles from Northeast Philadelphia Airport…. Read more »

Joint Venture Buys Whole Foods-Anchored Shopping Center Near Center City, Philadelphia

Baederwood Shoppes on the Fairway Trades for $43.3 Million A joint venture between Charter Realty & Development Corp. and an open-end institutional fund sponsored by Inland Institutional Capital has purchased Baederwood Shoppes on the Fairway in Abington, Pennsylvania, for $43.3 million, or about $371 per square foot. The 116,778-square-foot center at 1537-1659 Fairway Valley Road… Read more »

2601 Orthodox Street, Philadelphia, Pennsylvania

January 10, 2019 WCRE is proud to have exclusively represented THIRD FEDERAL S L ASSOCIATIONd/b/a BB&T Bank in the sale of 2601 Orthodox Street, Philadelphia, Pennsylvania to a private investor, James Mayberry. 2601 Orthodox Street is a +/- 3,456 square foot free standing property situated on +/- 0.05 acres.  This well located building is a corner property… Read more »

Philadelphia’s Proposed One Percent Tax on New Construction

Is Philadelphia’s proposed one percent tax on new construction a good compromise or a fools bargain? The Philadelphia City Council announced new legislation on April 11, 2018, that includes a new one percent tax on new construction that would raise revenue for the Housing Trust Fund, the city’s dedicated source for developing new affordable housing, preserving existing… Read more »

Is Your Company Growing or Downsizing?

  How to Find the Best Property for Your Business. Here are five key decision factors to consider when searching for your business’s first or next office location. 1. Identify the Needs of Your Employees Think about how many jobs you, your friends, colleagues and family members haven’t applied for due to office location? Completing… Read more »