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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Iron Hill Brewery & Restaurant to Reopen at East Market Under New Management

Iron Hill Brewery & Restaurant to Reopen at East Market Under New Management

Iron Hill Brewery & Restaurant’s Center City location will reopen under new management. The move follows the chain’s Chapter 7 bankruptcy filing last year.

The restaurant will return to its former space at 1150 Market Street in Philadelphia. The location will reopen with what ownership described as “thoughtful upgrades.”

The property is owned by National Real Estate Advisors. The firm is leading the repositioning of the former Iron Hill space.

The restaurant originally opened in September 2018. It was part of the East Market development in Center City.

The East Market project is a $1 billion mixed-use development. It sits between 11th and 12th Streets and Market and Chestnut Streets.

The site is located near the Pennsylvania Convention Center. The area benefits from strong foot traffic and tourism demand.

The reopening reflects continued interest in well-located restaurant space. High-visibility urban locations remain attractive to new operators.

The Iron Hill revival is expected to support downtown activity. It also adds momentum to the broader East Market redevelopment.

*Article courtesy of The 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.

The Learning Experience Expands With 13 New Locations Across Greater Philadelphia

The Learning Experience Expands With 13 New Locations Across Greater Philadelphia

The Learning Experience is opening 13 new childcare and early education centers across Greater Philadelphia. The expansion will cover approximately 130,000 square feet of commercial space across multiple markets.

The company is expected to create hundreds of new jobs throughout the region. Each location can employ up to 30 staff members.

Based in Deerfield Beach, Florida, The Learning Experience is a national childcare franchisor. The company operates more than 450 locations across the United States.

It has also developed more than 3 million square feet of childcare real estate nationwide. Most new Philadelphia-area sites will be ground-up, build-to-suit developments.

The expansion will include locations across South Jersey, Pennsylvania, and Delaware. A new Philadelphia center is planned for 399 Market Street in Old City.

Although investment figures were not disclosed, the job impact is significant. Up to 390 employees could be hired across the region.

Each center can serve approximately 180 children. The programs are designed for children ages six weeks through six years old.

*Article courtesy of The 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.

Di Bruno Brothers to Close Three Suburban and Center City Locations

3 Di Bruno Bros. locations closing as company refocuses strategy

Di Bruno Brothers announced that three of its five retail locations will close in the coming weeks. The specialty grocery chain confirmed the closures to Action News.

The affected locations include the 9th and Chestnut Street store in Center City Philadelphia. The Ardmore location in Suburban Square will also close. In addition, the Wayne store at Strafford Shopping Center is on the closure list.

Di Bruno Brothers will continue operating its two flagship Philadelphia stores. These include the Rittenhouse Square shop and the historic Italian Market and Bottle Shop on 9th Street.

The company is also increasing its focus on its growing online business. Leaders believe this shift will help expand the brand beyond its physical store footprint.

In a statement, the company said its flagship locations represent the classic Di Bruno Brothers experience. The online store now offers customers another way to access the brand.

Di Bruno Brothers described the move as a “positive reset” for the company. Management said the goal is to protect the in-store tradition while expanding brand reach.

The company also emphasized its long-term commitment to the brand. Leaders said preserving its heritage remains a top priority.

*Article courtesy of 6abc

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.

Hatboro Wawa Site Acquired as Altimari Properties Enters Convenience Retail

'The jewel of Wawas' sells for $7.4M in Hatboro

Altimari Properties has purchased a newly built Wawa site in Hatboro for $7.4 million. The property sits at 412 South York Road near Horsham Road. The convenience store was built in 2023.

As a result, this deal marks Altimari Properties’ first ownership of a Wawa location. Previously, the firm had not held any Wawa-branded assets. Meanwhile, the property was sold by New Jersey-based developer Arctrust.

According to company leadership, the site stands out as a premier Wawa location. In particular, strong traffic counts and visibility support the asset’s value. Therefore, the purchase was viewed as a strategic investment.

Wawa continues to rank among the largest private companies in the United States. Additionally, the chain holds the top revenue position in Pennsylvania. Consequently, investor demand for Wawa properties remains strong.

Originally, Arctrust developed the Hatboro site through a joint venture with Verrichia Co. However, Arctrust later gained full control of the property in February 2025. This followed a breach of contract lawsuit.

The 2.3-acre site includes a 5,585-square-foot convenience store. Moreover, a gas station and liquor license are part of the property. Ultimately, the location is positioned as a high-performing convenience retail asset.

*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.

Amazon to Close Amazon Fresh Stores as Grocery Strategy Shifts

Amazon Fresh grocery stores to close

All Amazon Fresh grocery stores are being closed nationwide. As a result, six locations in the Philadelphia area will be affected. The decision was announced Tuesday morning by Amazon.

At the same time, approximately 15,000 layoffs have been reported. Consequently, uncertainty has been created across the company’s retail operations. However, local employee impacts have not been disclosed.

Several Philadelphia-area Amazon Fresh stores had been opened only recently. Notably, the Northern Liberties location debuted in August at 555 Spring Garden Street. Meanwhile, other regional sites had remained unfinished for years.

Nationwide, 58 Amazon Fresh locations have been listed on the company’s website. However, some shuttered stores are expected to be converted into Whole Foods locations. As a result, continued investment in the Whole Foods brand has been confirmed.

In fact, more than 100 additional Whole Foods stores are planned in the coming years. Therefore, the company’s grocery strategy is being realigned.

Previously, the Amazon Fresh model was paused in 2023 for reevaluation. As a result, several Philadelphia-area projects remained on hold. However, many of those sites were later opened in 2024.

The Bensalem store was opened in August 2024. Shortly after, the Langhorne location was launched. Then, the Willow Grove store was opened that November.

Following these openings, strong grocery sales growth was recorded in 2025. Regional sales increased by 17.5 percent to more than $655 million. Consequently, positive performance was achieved despite strategic shifts.

Still, the Amazon Fresh format is now being phased out. Ultimately, Amazon’s grocery future is being anchored by Whole Foods expansion.

*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.

Club Studio Fitness Expands Into Philadelphia Suburbs With Two New Locations

Club Studio Fitness Expands Into Philadelphia Suburbs With Two New Locations

Club Studio Fitness is expanding into the Philadelphia region with two new high-end gym locations. Specifically, the boutique fitness brand will open in Cherry Hill and Wynnewood.

First, Club Studio will take over 30,240 square feet at Ellisburg Shopping Center in Cherry Hill. The space previously housed BuyBuy Baby. As a result, the gym is expected to open in spring 2027.

Notably, the Cherry Hill location will become Club Studio’s second gym in New Jersey. Earlier this year, the California-based brand opened its first Garden State location in Edgewater.

Meanwhile, another Club Studio location is scheduled to open on the Main Line. The gym will occupy a 50,000-square-foot space at Wynnewood Shopping Center. Previously, the space was home to Bed Bath & Beyond.

The Wynnewood location is expected to open toward the end of 2026. In addition, both shopping centers are owned by Federal Realty Investment Trust.

According to Federal Realty, the addition supports a broader shift toward wellness-focused destinations. Therefore, the gyms will enhance the tenant mix at both centers.

Each location will feature boutique fitness classes and full-service training zones. Additionally, amenities will include juice bars, cryotherapy, red-light therapy, and personal stretch stations.

Beyond these openings, Club Studio plans another Pennsylvania location in Collegeville. Currently, the brand operates about a dozen gyms nationwide and has roughly 20 more in development.

*Article courtesy of 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.

Atlas Restaurant Group Expands in Philadelphia With New Rittenhouse Steakhouse

Atlas Restaurant Group Brings The Ruxton Steakhouse to Rittenhouse Square

Atlas Restaurant Group continues expanding its footprint in the Philadelphia restaurant market. Specifically, the Baltimore-based hospitality group will open its second Philadelphia location near Rittenhouse Square.

The new concept, The Ruxton, will operate as a high-end steakhouse inside The Rittenhouse Hotel. Currently, the space is home to Italian restaurant Scarpetta. However, Scarpetta will close after dinner service on January 31.

Following the closure, Atlas Restaurant Group will begin repositioning the property for redevelopment. As a result, the existing restaurant will undergo a complete transformation. Construction is scheduled to begin in fall 2026.

Meanwhile, the project will include a multimillion-dollar renovation funded by Atlas Restaurant Group. Ultimately, the two-story restaurant is expected to open in 2027.

Overall, the new opening will strengthen Atlas Restaurant Group’s presence 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.

Newer Retail Properties Outperform as Philadelphia Market Shifts

Newer Retail Properties Outperform as Philadelphia Market Shifts

Newer retail properties built since 2010 continue to show strong performance across the Philadelphia region. Occupancy rates increase each quarter, even as overall consumer demand slows. Meanwhile, retailers consistently favor modern, high-quality space. In contrast, older retail buildings struggle to retain tenants when market conditions soften. Although consumer spending has cooled in recent years, demand for newer retail space remains steady. Therefore, net absorption data clearly reflects this shift. Since mid-2023, Philadelphia retailers vacated 5.5 million square feet in older properties. However, they leased more than 10.2 million square feet in retail buildings constructed after 2010.

As a result, newer assets continue to capture the majority of market activity. When modern retail space becomes available, tenants move quickly. For example, Thirsty Turtle Tavern signed a lease in December to occupy a 7,860-square-foot restaurant built in 2017. The space had remained vacant for only one year after Chuck Lager Tavern exited. Consequently, vacancy periods for newer properties remain short. In addition, several retailers now choose redevelopment over renovation. Chick-fil-A recently leased a former Rite Aid at 2545 Aramingo Avenue in Philadelphia. The company plans to demolish the 5,190-square-foot building, originally built in 2000. Instead, it will construct a new drive-thru facility designed for modern traffic patterns.

Similarly, Flagship Carwash leased a former CVS at 1351 Wilmington Pike just three months after it closed. The operator plans to convert the 2002 property into a car wash, pending approvals. Overall, the data shows a clear trend. Retailers prioritize newer, adaptable space that supports evolving consumer behavior. Therefore, modern retail properties remain best positioned for long-term stability in the Philadelphia market.

*Article courtesy of Costar

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’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.