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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Abrams Realty Revamps Exton Square Mall Redevelopment

Peter Abrams said he and his development team received the message "loud and clear" during a July planning commission meeting.

Peter Abrams and his team at Abrams Realty & Development took West Whiteland Township’s feedback to heart after July’s planning commission meeting, where officials emphasized the need for more open space in the Exton Square Mall redevelopment plan.

After a month of revisions, the Elkins Park-based developer—alongside architect Barton Partners—will return to the commission Tuesday evening with an updated vision for the 75-acre property.

The reimagined plan introduces a central “main street” designed to serve as both a roadway and a pedestrian-friendly hub, capable of closing to traffic for community events like farmers’ markets. Features include an activity terrace with a stage for live music, a landscaped grass median, and expansive green areas throughout the residential sections—spaces intentionally created for recreation, gatherings, and neighborhood vibrancy.

Abrams summed up the refreshed concept simply: “It’s going to be spectacular.”

*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.

Wanamaker Building Retail Space Hits the Market Following Macy’s Departure

Wanamaker building retail leasing effort begins with 300,000-SF up for grabs

Efforts to reimagine the retail portion of Philadelphia’s historic Wanamaker Building are moving forward, now marketing the property to prospective tenants.

The 300,000 square feet spanning the first three floors, formerly occupied by Macy’s, has been vacant since the retailer closed this past spring — a setback for the already challenged Market East corridor. Situated across from City Hall in the heart of Center City, the space presents a rare opportunity to anchor the area’s revitalization.

TF Cornerstone, which has owned the retail portion since 2019, recently acquired the remainder of the Wanamaker property — primarily office space — in a foreclosure sale. Plans for the building include retaining floors four and five for office use, converting floors six through eleven into residential units, and maintaining the Crystal Tea Room event venue on the ninth floor. The twelfth floor is expected to serve as a mix of residential amenities and potential commercial space.

*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.

Sixers and Comcast Buy Former Rite Aid on Market Street

Sixers and Comcast Buy Former Rite Aid on Market Street

Harris Blitzer Sports & Entertainment and Comcast Corp. have purchased the former Rite Aid at 10th and Market Streets for $15 million, signaling renewed interest in redeveloping the Market East corridor.

The 26,000-square-foot building, mostly vacant since Rite Aid closed in 2022, was occasionally used by seasonal tenants like Spirit Halloween. The $577-per-square-foot sale came from a group including former Goldman Sachs executive Jeanette Loeb.

HBSE had initially targeted the site as part of plans for a new Sixers arena at the nearby Fashion District, which were scrapped in January. Now, in partnership with Comcast — owner of the Flyers via Comcast Spectacor — attention shifts to a new shared arena at the South Philly Sports Complex.

*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.

Insomnia Cookies Sets Major Expansion with 1,500 New Locations

Insomnia Cookies Major Expansion

Insomnia Cookies has ambitious growth on the horizon, aiming to roll out 1,500 additional storefronts nationwide over the next 10 years.

Founder Seth Berkowitz, who launched the late-night cookie concept in 2003 while attending the University of Pennsylvania, shared that the company is also strengthening its international footprint. New stores are expected to open in the United Kingdom and Canada by the end of 2025, building on the brand’s momentum overseas.

With nearly 350 locations already operating across the U.S. and internationally, Berkowitz emphasized that aggressive expansion remains a key ingredient in the company’s long-term strategy.

*Article courtesy of The 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.

Slowdown Hits Large-Format Retail Leasing in Philly

Slowdown Hits Large-Format Retail Leasing in Philly Region

Big-box retail growth has hit a pause in the Philadelphia metro area this year, as national retailers scale back expansion plans in response to economic pressures and shifting consumer habits.

So far in 2025, just one lease over 50,000 square feet has been executed in the region. That transaction came in March, when Giant committed to a 60,000-square-foot space at Sadsbury Commons — a 360,000-square-foot retail development underway in Parkesburg, PA. The grocer will join Target, which secured a 111,000-square-foot lease at the center in 2024 through a deal with The Provco Group.

While fitness brands and entertainment concepts like Club Studio Fitness, Apple Cinemas, and Parky’s drove big-box leasing activity last year, demand from these sectors has notably tapered off, mirroring a broader national trend of cautious expansion and store closures.

*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.

Jamison Retail Property Sells for $12.2M

Jamison Retail Site Sold

A high-visibility retail site in Bucks County — featuring a Wawa, a Tractor Supply Co., and nearly 12 acres of undeveloped land — has been sold for $12.17 million.

ExchangeRight, an investment firm based in Pasadena, California, purchased the Warwick Village Commons located at 1937 York Road in Jamison from Clifton, New Jersey-based Arctrust. The all-cash deal includes approximately 25,000 square feet of existing retail space across two buildings, as well as significant undeveloped land surrounding the stores that could support future expansion.

The property was originally acquired by Arctrust and Verrichia Co. of Doylestown in 2014 for $2 million from Wawa and later developed as a joint venture. Arctrust recently became the sole owner following a legal dispute with Verrichia Co., resulting in a breach of contract ruling in Arctrust’s favor in the Eastern District of Pennsylvania.

*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.

IKEA to Expand Store Formats in Greater Philadelphia

IKEA plans to expand in Philly

In his 27-plus years with IKEA U.S., current COO Rob Olson says he’s never witnessed growth at the pace the company is now pursuing.

The U.S. arm of the Swedish home furnishings giant is focusing its expansion on two newer store concepts: smaller-format locations ranging from 50,000 to 100,000 square feet, and “plan and order points,” where customers can work with IKEA staff to design and place their orders.

These locations don’t stock inventory for immediate pickup—instead, purchases are delivered directly to customers’ homes or routed to one of the brand’s many pickup locations.

*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.

Tailgate Sports Bar Coming to Northern Liberties

Tailgate Sports Bar Coming to Northern Liberties

Atlanta restaurateur Garis Eddington is bringing his latest concept, Tailgate Sports Bar, to the heart of Northern Liberties this August. Located at 1033 N. 2nd St., the new spot promises more than just food and drinks — it’s designed to deliver what Eddington calls a “high-energy dining” experience.

Inspired by the spirit and excitement Philadelphia radiates during major sporting events and city celebrations, Tailgate aims to become a go-to destination where fans can gather, celebrate, and feel the buzz of the game day atmosphere any day of the week. The opening marks Eddington’s return to the Philadelphia market, and he’s betting big on the city’s passion for sports, food, and community.

*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.

7 Wawa Properties For Sale

7 Wawa Properties For Sale

Wawa has listed a portfolio of seven properties for sale across Southeastern Pennsylvania and South Jersey. The sites, which include closed stores and vacant lots, went on the market May 18 and span from Montgomery County, PA., to Atlantic County, N.J.

The properties are being marketed by MSC and can be purchased individually or as a package. The combined asking price is $4.125 million, according to the listing brochure.

The Delaware County-based company has increasingly focused on stores with fuel stations as it expands its footprint beyond the Mid-Atlantic. Over the past year, Wawa has closed several older stores without gas pumps, including five in Philadelphia and Camden County, N.J.

Most recently, it shuttered two Northeast Philadelphia locations — at 6506 Frankford Ave. and 6919 Castor Ave. — on April 22 and April 24, respectively.

*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.

Wawa Site Sold for $6.5M in Bucks County

Wawa Site Sold for 6.5M in Bucks County

Just four months after acquiring Fairless Hills Shopping Center, Ocean State Job Lot has sold a Wawa pad site on the property for $6.5 million in an off-market deal, property records show. A private individual purchased the site at 530 Lincoln Highway, which includes a Wawa with gas pumps.

Ocean State Job Lot bought the 190,000-square-foot Bucks County retail center in January for $23.6 million. The Rhode Island-based discount retailer declined to comment on the Wawa sale.

The shopping center’s tenants include Funzilla, Retro Fitness, and Big Blue Swim School. A former Big Lots store remains vacant after the retailer filed for Chapter 11 bankruptcy. Although Big Lots plans to reopen 13 stores across Pennsylvania, none are in the Philadelphia region.

Ocean State Job Lot has not shared plans for the former Big Lots space but previously said it was “exploring options.” The company prefers to own its stores and typically looks for at least 25,000 square feet of contiguous space for new locations.

*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.