Eagle Plaza and Upland Square, two shopping centers at opposite ends of the Philadelphia region, have sold for a combined $114.7 million, continuing a trend of investors gravitating toward grocery-anchored retail properties. A Singaporean real estate firm invests in grocery-anchored retail, paid $85.7 million for Upland Square, a 400,674-square-foot center at 180 Upland Square Drive… Read more »
Giant’s expansion in Philadelphia will continue in June with the opening of a new grocery store at the busy corner of Broad and Spring Garden streets. The 50,700-square-foot market will open its doors on June 24 at 501 N. Broad St., the Carlisle-based company announced on Friday. The supermarket is an anchor tenant for developer Alterra… Read more »
Reading Terminal Market is eyeing a fall 2022 completion for a long-awaited “festival street” that will leverage outdoor space in front of one of Philadelphia’s most popular attractions. Dubbed by Reading Terminal and city officials as a “transformation project,” the overhaul of the 1100 Filbert Street will add outdoor dining space, pop-up retail kiosks and… Read more »
Bart Blatstein’s Tower Investments has paid $34 million to repurchase Riverview Plaza, a 236,217-square-foot retail center along the Delaware River in Philadelphia that the company developed in the late 1980s and later sold to Cedar Realty Trust Inc. in 2003. The property is 50% occupied. “I bought it back for less than I sold it… Read more »
Insomnia Cookies is taking over a three-story, marquee space at Broad and Chestnut streets that previously housed a Walgreens “superstore” for several years. The roughly 26,000-square-foot space at One South Broad St. will serve as the new headquarters for Insomnia Cookies, which was based in Newtown Square for the last five years, The Center City… Read more »
Puttshack opened its first two U.S. locations in Atlanta and Chicago in 2021, joining its four locations in London. New locations in the United States will open this summer in Boston and Miami, followed by Denver, Houston, Pittsburgh, Scottsdale, St. Louis, Dallas, Nashville and its second Atlanta location in 2023. Its Center City location is set to include four tech-driven mini golf courses powered… Read more »
Since the start of 2020, Citizens has relocated 26 branches across its footprint, including five in the Philadelphia region. It has applied for a total of 42, including seven more in this region. *Article courtesy of Philadelphia Business Journal For more information about Philadelphia retail space for sale or lease in Philadelphia or about any… Read more »
The first Topgolf venue in the city is set to open Friday on Roosevelt Boulevard in Northeast Philadelphia. Topgolf locations feature an interactive driving range with climate-controlled bays, a full food and bar menu, live music and event space. In Philadelphia, the three-level venue has 102 hitting bays that can be reserved up to seven… Read more »
Puttshack, an indoor miniature golf experiential retailer, has leased 26,000 square feet at the Shops at Liberty Place, filling a block-long stretch of vacant space in Center City. The space at 1625 Chestnut St. will include four mini golf courses, two full-service bars and a full dining menu. Expected to open in 2023, it will… Read more »
A developer has purchased an historic building at 6th Street and Girard Avenue in Philadelphia for $1.5 million and plans to develop what was originally known as Farmers’ Market House & Hall into a mixed-use complex. The sale of the prominent property at 527-37 Girard Ave. took more than two years to get done —… Read more »
