HFF Secures Financing for Retail Portion of Rodin Square in Philadelphia

by Katie Sloan

Philadelphia — HFF has secured permanent financing for the retail portion of Rodin Square, a 79,233-square-foot mixed-use development located in the City Center district of Philadelphia.

Whole Foods Market anchors the property, which is also home to tenants including Thomas Jefferson Hospital, CVS/pharmacy and Santander Bank. The 55,000-square-foot Whole Foods Market will act as the company’s Mid-Atlantic flagship.

Whole Foods partnered with notable local chefs to open smaller, in-store versions of their restaurant concepts inside of a 140-seat food hall, including Shawn Darragh and Ben Puchowitz’s ramen bar, Cheu Noodle Bar; CookNSolo’s hummusaya Dizengoff; Wiz Kid, Rich Landau and Kate Jacoby’s vegan fast-food concept; and Severino Cucina Rustica, a restaurant offshoot of South Jersey’s famed Severino Pasta Company.

The food hall is also home to two pubs, a mobile cocktail cart and a coffee and juice bar. Ryan Ade, Mark West and Chris Munley of HFF worked on behalf of the borrower, a partnership between Rodin Group and Benenson Capital Partners, to secure the 20-year, fixed-rate non-recourse loan through Principal Real Estate Investors LLC.

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