Posts Tagged: Philadelphia commercial real estate

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 »

Grocers, Fitness Centers Helping Keep Philly Retail Leasing Afloat

Philadelphia is about to enter its 10th straight year of economic expansion involving national and Philadelphia commercial real estate markets, but owners of local retail properties continue to face a challenging and fast-changing market. At just under 1 percent year-over-year, market-wide rent growth among retail properties in the U.S. commercial real estate market – including… Read more »

Philly Retail Space for Lease in Wyncote Apartment Community

Wolf Commercial Real Estate, the leading Philadelphia commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, now is offering first-floor Philadelphia retail space for lease at 8440 Limekiln Pike Wyncote PA in the award-winning Towers at Wyncote. Positioned near the heavily traveled intersection of Route 309 and Easton Road,… Read more »

High-End Philly Retail Space for Lease in the Towers at Wyncote

Wolf Commercial Real Estate, the foremost Philadelphia commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, now is offering high-end, first-floor Philadelphia retail space for lease at 8440 Limekiln Pike Wyncote PA in the Towers at Wyncote. Positioned near the heavily traveled intersection of Route 309 and Easton Road,… Read more »

Jako Enterprises Leases 4-Star Warehouse in Philadelphia

Local Apparel Retailer Signs Large Industrial Lease Jako Enterprises, a local apparel retailer, leased Ricatto Property Management’s 4-Star warehouse in Philadelphia. The 201,456-square-foot facility at 7601 State Road comprises 16 loading docks, one drive-in bay, 60- by 55-foot column spacing and a 26-foot clear ceiling height. Built in 1968 and renovated in 1977, the building… Read more »

Topgolf entertainment complex planned at former Nabisco site in Northeast Philly

The owner of the former Nabisco plant in Northeast Philadelphia has a deal with Topgolf International Inc. for the company to build one of its golf-themed entertainment complexes at the Roosevelt Boulevard and Byberry Road site. Michael Cooley, vice president of site owner Provco Group’s real estate division, told members of the Somerton Civic Association… 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 »

New Fast-Food Lanes Lead to Fast Restaurant Sales Growth Nationally

Leonard Comma, Chief Executive of Jack in the Box, is investing as much as $45 million over the next three years on digital menu boards and canopies to make the fast-food chain’s drive-thru lane experience faster and more personal. Quick-service purveyors across the nation, such as Starbucks Corp. and Dunkin’ Brands Group Inc. are also… 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 »