Philadelphia — Apple Cinemas has signed an 82,000-square-foot lease at Riverview Plaza III, a retail center located in Philadelphia. Tower Investments owns the development, which is situated one mile from Center City. Richard Soloff of Soloff Realty & Development manages leasing for the property. Founded in 2010, Apple Cinemas currently operates multiple theaters across six states. Other locations include Greece and Hicksville, New York; San Francisco and Danville, California; and Royal Palm Beach, Florida.
King of Prussia, Pa. — AT&T has opened a new, 2,600-square-foot store in King of Prussia, roughly 20 miles outside Philadelphia. Situated across from the King of Prussia Mall, the freestanding store features 25 dedicated parking spaces. Adam Goodman of Goodman Properties developed the property. Richard Soloff of Soloff Realty & Development and Adam Goodman of Goodman Properties brokered the lease.
Egg Harbor Township, N.J. — Spirit Halloween has announced plans to test a new, Christmas-themed concept with the opening of 10 stores. Spirit Christmas stores will feature décor, apparel, inflatables, gifts and stocking stuffers, as well as interactive elements including a life-sized gingerbread village. Scheduled to open beginning in November, the 10 test stores will be located at shopping centers in New Jersey, New York, Pennsylvania, Connecticut and Massachusetts.
Exton, Pa. — Kimberton Whole Foods will open a new, 14,000-square-foot store in Exton, roughly 30 miles outside Philadelphia. Construction on the building will begin this month, with the opening scheduled for spring 2026. The store will be situated within Eagleview Town Center, within the 800-acre Eagleview mixed-use community. Hankin Group is the developer and landlord.
Pittsburgh — A joint venture between Greystar and ECHO Realty has broken ground on Ophelia and The Meridian, a multifamily and retail project located at the intersection of Penn and Shady avenues in Pittsburgh. The development will include Ophelia, a 231-unit multifamily project by Greystar; The Meridian, a 44,000-square-foot retail development spearheaded by ECHO Realty; and parking for both retail and residential uses. Ophelia will offer units in studio, one- and two-bedroom configurations, 35 of which will be subject to income restrictions under the city’s affordable housing program. Shared amenities will …
Philadelphia — Grocery chain GIANT will open a new, 50,000-square-foot store at Andorra Shopping Center in Philadelphia. Construction of the space is scheduled to begin in 2025. Federal Realty Investment Trust is the landlord and also plans to reposition 30,000 square feet of existing retail space, with the two projects representing a combined investment of $25 million. Repositioning plans include the addition of landscaped plazas, outdoor dining and curbside pick-up spaces and expanded sidewalks.
Trexlertown, Pa. — Colliers has negotiated the $5.4 million sale of Shepherd’s Corner, a 9,512-square-foot shopping center located in Trexlertown. The property was fully leased at the time of sale. Derek Zerfass and Jeff Algatt of Colliers represented the seller in the transaction. Robbie Stephens of ERA Rudy Amelio represented the buyer. Tenants at the center occupy their respective spaces on a net-lease basis, with leases in place until at least 2032.
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FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million
Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …
Laval, Quebec and Cranberry Township, Pa. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo’s portfolio includes 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative …
Glen Mills, Pa. — Aesthetics and wellness concept VIO Med Spa has signed a lease at Glen Eagle Square, a shopping center located in Glen Mills. Scheduled to open at the property in the fourth quarter of this year, the tenant will occupy 1,995 square feet adjacent to Currie Hair and Skin and Nails. Whole Foods Market anchors Glen Eagle Square, which totals 152,000 square feet.