Saturday, November 23, 2024
Read the Digital Magazines
Subscribe

Pennsylvania

Dave's-Hot-Chicken
LeasingNewsPennsylvaniaRestaurants

Dave’s Hot Chicken to Open Three Restaurants in Metro Philadelphia

by Hayden Spiess

Philadelphia — Dave’s Hot Chicken will open three restaurants at Federal Realty Investment Trust properties throughout metro Philadelphia. Scheduled to open this month, the first store will occupy 2,995 square feet at Northeast Shopping Center in Philadelphia. Dave’s will also open restaurants at Ellisburg Shopping Center and Willow Grove Shopping Center in the spring and fall of this year, leasing 3,086 and 2,825 square feet at the properties, respectively. Ellisburg Shopping Center is located in Cherry Hill, New Jersey, and Willow Grove Shopping Center is located in Willow Grove, Pennsylvania. 

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsPennsylvania

J.Crew Factory Signs 5,094-Square-Foot Lease at Shopping Center in Center Valley, Pennsylvania

by Hayden Spiess

Center Valley, Penn. — J.Crew Factory has signed a 5,094-square-foot lease at The Promenade Shops at Saucon Valley, an open-air shopping center located in Center Valley. Scheduled to open this spring, the store will be situated between Francesca’s and Barnes & Noble. Other tenants at the property include Club Champion, Handmade Mystic, FD Market and Turning Point. 

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsPennsylvania

Fresh Market to Open 32,131-Square-Foot Store in Pittsburgh

by Hayden Spiess

Pittsburgh — The Fresh Market will open a 32,131-square-foot store in Pittsburgh’s East Liberty neighborhood. The building was originally constructed in 2002 for Whole Foods Market, which vacated the space in 2022 for a larger store on nearby Penn Avenue. Herky Pollock of CBRE represented the undisclosed landlord in the lease negotiations. Brian Kerr of Hanna Langholz Wilson Ellis represented the tenant. The store will be Fresh Market’s first in Pittsburgh.

Continue Reading
0 FacebookTwitterLinkedinEmail
ArkansasCaliforniaCompany newsFloridaGeorgiaIndianaInvestment salesMarylandNew JerseyNewsPennsylvaniaVirginiaWashington DC

Avison Young Acquires Madison Marquette Retail Platform, 6.1 Million-Square-Foot Portfolio

by Hayden Spiess

Toronto, Canada and Washington, D.C. — Avison Young has entered into an agreement to acquire Madison Marquette’s retail platform for an undisclosed price. The acquisition will include the Washington, D.C.-based firm’s retail property management, marketing and leasing services throughout the U.S.; and a portfolio comprising more than 6.1 million square feet of properties managed and leased by Madison Marquette. Madison Marquette teams will integrate with those of Toronto, Canada-based Avison Young in Los Angeles, New Jersey, Philadelphia, Indiana, Arkansas, Maryland, Virginia, Atlanta and Florida, and the acquisition expands Avison Young’s presence …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harrisburg-Mall
DevelopmentMixed-useNewsPennsylvania

St. John Properties to Redevelop 1 Million-Square-Foot Harrisburg Mall in Pennsylvania 

by Hayden Spiess

Harrisburg, Pa. — St. John Properties Inc. has unveiled plans for the redevelopment of Harrisburg Mall, a 1 million-square-foot regional mall located in the Swatara Township section of Dauphin County. The company plans to build Swatara Exchange, a mixed-use development consisting of multi-use commercial space and supporting inline retail and retail pad sites. The mall will undergo an extended demolition program that is expected to conclude in 2025. The existing Bass Pro Shops and Applebee’s Grill + Bar restaurant will remain operational, and the former Toys ‘R’ Us building will be …

Continue Reading
0 FacebookTwitterLinkedinEmail
Willow Grove Park
Company newsFinanceNewsPennsylvania

PREIT Files for ‘Prepackaged’ Chapter 11 Bankruptcy, Will Operate as Private Company

by Hayden Spiess

Philadelphia — PREIT (OTCQB: PRET), a mall REIT giant based in Philadelphia, has filed for Chapter 11 bankruptcy protection. The “prepackaged” bankruptcy was agreed to ahead of time by PREIT’s creditors, which will shorten the duration of the company’s bankruptcy proceedings. PREIT expects it will be able to emerge from bankruptcy by early February 2024. PREIT owns and operates 18 malls in New Jersey, Pennsylvania, Massachusetts, Maryland, Virginia, Michigan, North Carolinaand South Carolina. The company has also expanded in recent years to the multifamily, hotel and healthcare sectors. According to PREIT’s third-quarter financial …

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsPennsylvania

Norman’s Hallmark Opens 7,280-Square-Foot Store in Plymouth Meeting, Pennsylvania

by Hayden Spiess

Plymouth Meeting, Pa. — Norman’s Hallmark has opened a 7,280-square-foot store at The Metroplex in Plymouth Meeting. The store offers a complete line of Hallmark products, cards and Keepsake Ornaments, as well as apparel, accessories, books, stationery, games, home décor, candy and gourmet foods. Norman’s Hallmark currently operates in 75 locations. 

Continue Reading
0 FacebookTwitterLinkedinEmail
A-and-G-Rite-Aid
CaliforniaCompany newsConnecticutInvestment salesLeasingMarylandMichiganNew JerseyNew YorkNewsOhioOregonPennsylvaniaVirginiaWashington

A&G to Sell 79 Rite Aid Leases in 11 States

by Hayden Spiess

Camp Hill, Pa. — A&G Real Estate Partners will market 79 Rite Aid store leases for sale, in its capacity as real estate advisor to the company, pending approval by the U.S. Bankruptcy Court for the District of New Jersey. Part of Rite Aid’s financial restructuring process, this marks the third tranche of leases to be sold and follows a set of 92 store leases that became available in November. Ranging from 5,502 to 31,468 square feet, the leases are located in 11 states, including California, Connecticut, Maryland, Michigan, New Jersey, …

Continue Reading
1 FacebookTwitterLinkedinEmail
Dorneyville-Shopping-Center_Allentown-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

IPA Brokers $17.8 Million Sale of Retail Center in Allentown, Pennsylvania

by Hayden Spiess

Allentown, Pa. — Marcus & Millichap’s Institutional Property Advisors (IPA) has brokered the $17.8 million sale of Dorneyville Shopping Center, a 101,651-square-foot retail center located in Allentown. Aldi anchors the property, which was 86 percent leased at the time of sale. Brad Nathanson and JP Colussi of IPA represented the seller, Joshi Hotel Group, in the transaction. LS Property acquired the center. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsPennsylvania

Matthews Arranges $5.2 Million Sale of Retail Strip Center in Philadelphia

by Hayden Spiess

Philadelphia —Matthews Real Estate Investment Services has arranged the $5.2 million sale of located in Philadelphia. Built in 2015 and situated on two acres, the property comprises 10,640 square feet. The center was fully occupied by Rise Dispensary and Fine Wine & Good Spirits at the time of sale. Alexander Machado, Daniel Gonzalez, Robert Goldberg and Ben Snyder of Matthews brokered the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts