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.

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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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Mitchell & Ness Opens Flagship Store in Center City Philadelphia

Mitchell & Ness Opens Flagship Store in Center City Philadelphia

Mitchell & Ness has opened a new flagship store in Center City Philadelphia. The opening arrives as the city prepares for several major sporting events over the next year.

The sports apparel brand now occupies 16,400 square feet at 1513 Walnut Street. Previously, the space housed Brooks Brothers.

Known for premium throwback jerseys, hats, and apparel, Mitchell & Ness signed the lease last year. The company officially welcomed customers to the new location at the end of last month.

In addition to retail space, the store features dedicated jersey and headwear sections. Furthermore, a third-floor event venue will host community, cultural, and sports-related programming throughout the year.

Customers can also personalize merchandise through an on-site customization station. As a result, the flagship offers a more interactive shopping experience than a traditional retail store.

The opening comes at a strategic time for Philadelphia. In the coming months, the city will host FIFA World Cup matches and the Major League Baseball All-Star Game. Consequently, tourism and retail activity are expected to increase significantly.

Meanwhile, Philadelphia’s retail market continues to strengthen. Available retail space has declined steadily in recent years, reflecting ongoing demand for well-located storefronts.

Mitchell & Ness also carries deep roots in Philadelphia. Founded more than a century ago, the company has operated several locations throughout Center City over the years.

Today, the brand operates under the ownership of Fanatics, which acquired Mitchell & Ness in 2022.

With its new flagship location now open, Mitchell & Ness is further investing in Philadelphia while positioning itself to benefit from the city’s growing sports and entertainment momentum.

*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.

Whole Foods Eyes First Fishtown Location in New Mixed-Use Development

Whole Foods Eyes First Fishtown Location in New Mixed-Use Development

Whole Foods Market is exploring a new location in Philadelphia’s Fishtown neighborhood. If approved, the store would become the area’s first major chain grocery retailer.

The proposed location sits within a mixed-use development at 1716 Frankford Avenue. Specifically, the grocer would occupy approximately 9,400 square feet of ground-floor retail space.

The project is being developed by the Fishtown Collective. In addition to the grocery component, the building will include 40 residential units.

Plans were recently presented to the Fishtown Neighbors Association. During the meeting, developers outlined a proposal for a dedicated loading zone along Frankford Avenue.

Notably, approval of the loading area remains a key component of the project. Consequently, the grocery store’s future occupancy is tied to that decision.

The proposed space aligns with the size of Whole Foods’ smaller-format concepts. These stores typically range from 7,000 to 14,000 square feet and focus on convenience-oriented shopping.

Meanwhile, Fishtown continues attracting new residential and commercial investment. As a result, demand for neighborhood-serving retail has increased alongside population growth.

The addition of a grocery store would further strengthen the area’s walkable mixed-use environment. Furthermore, it would provide residents with expanded access to fresh food and everyday essentials.

While plans remain under review, the proposal highlights the continued evolution of Fishtown as one of Philadelphia’s most active development markets.

*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.

Water Tower Square Shopping Center in Lansdale Listed for Sale

Water Tower Square Shopping Center in Lansdale Listed for Sale

Water Tower Square in Lansdale has been listed for sale. As a result, another major grocery-anchored retail center is being brought to market in Montgomery County.

The shopping center spans approximately 269,000 square feet. In addition, the property is anchored by nationally recognized tenants across several high-performing retail categories.

Current anchors include The Home Depot, Sprouts Farmers Market, and Planet Fitness. Consequently, the tenant mix provides exposure to the home improvement, grocery, and fitness sectors.

The property is located at 751 Horsham Road near the intersection of routes 202, 309, and 463. Because of this, the center benefits from strong regional visibility and traffic flow.

Water Tower Square also sits directly across from another major retail concentration. Five Points Plaza, anchored by BJ’s Wholesale Club and Lowe’s, is positioned immediately west of the site. As a result, the corridor continues attracting strong consumer traffic.

Blue Bell-based Goldenberg Group developed the property and has owned the center since 1992. Over time, the asset has remained a prominent retail destination within the Lansdale market.

Investor demand for grocery-anchored shopping centers has remained strong in recent years. Meanwhile, centers with essential retail tenants continue outperforming many traditional retail formats.

Given its location, anchor lineup, and long-term ownership history, Water Tower Square enters the market as a well-established 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.

Pvolve Fitness Signs Lease at 1735 Market Street in Philadelphia

Pvolve Fitness Signs Lease at 1735 Market Street in Philadelphia

Pvolve has signed a lease to open a new boutique fitness studio in Philadelphia. As a result, the brand is expanding into the Center City market.

The studio will occupy 2,086 square feet at 1735 Market Street. The building is located in the heart of the central business district.

The location is expected to open in late 2026. Meanwhile, the brand continues to grow its national footprint.

Pvolve currently operates more than 40 locations across the United States and Canada. At present, the closest studios are located in New York, New Jersey, and Maryland.

The fitness concept focuses on functional, low-impact training designed to improve strength and mobility. As a result, it targets long-term wellness and performance.

The 1735 Market franchise is owned by Allison Randal. In addition, the brand offers memberships, class packages, and personal training services.

Another retail tenant recently opened at the property. Cake&Joe began operations earlier this year within the building.

The fitness studio will be positioned along the John F. Kennedy Boulevard side of the tower. Meanwhile, the 54-story office building remains approximately 90 percent leased.

The property is owned by Silverstein Properties and Arden Group. Therefore, the addition reflects continued demand for wellness-focused tenants in office environments.

Franchise ownership requires significant financial investment. As a result, operators must meet minimum liquidity and net worth thresholds.

Ultimately, the lease highlights continued growth in boutique fitness concepts within urban office markets.

*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.

Wegmans-Anchored Prickett Preserve Center in Yardley Listed for Sale

Wegmans-Anchored Prickett Preserve Center in Yardley Listed for Sale

The Wegmans-anchored Prickett Preserve shopping center in Yardley has been listed for sale. As a result, a high-performing retail asset is being brought to market in Bucks County.

The nearly 150,000-square-foot center was completed two years ago. Since then, occupancy has reached 98 percent. The Wegmans is located at 925 Vansant Drive within the larger mixed-use development.

The shopping center was developed through a partnership between DeLuca Homes and Envision Land Use. Initially, the property was intended to be held long term. However, strong interest from investors prompted the decision to test the market.

Tenant stability remains a key feature of the asset. The center has a weighted average lease term of 17.7 years. In addition, Wegmans occupies 91,000 square feet and has approximately 20 years remaining on its lease.

Other tenants include CVS, Verizon, and Chase Bank. Currently, only 3,000 square feet of space remains available. As a result, the center is nearly fully leased.

Meanwhile, the broader development includes a residential component. Equus Capital Partners developed approximately 200 apartment units on-site. However, that portion is not included in the sale.

Ultimately, the offering reflects continued demand for grocery-anchored retail centers with strong tenancy and long-term lease stability.

*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.

Franklin Mall Set for Major Mixed-Use Redevelopment

Franklin Mall Targeted for Major Mixed-Use Redevelopment

Franklin Mall in Northeast Philadelphia is under contract for acquisition by Dean Adler. As a result, a large-scale redevelopment plan is moving forward.

The 1.6 million-square-foot property spans 137 acres near Interstate 95 and the Bucks County border. Previously, the mall operated as Franklin Mills before its rebranding as Philadelphia Mills.

However, the property entered receivership in 2024. Consequently, repositioning efforts are now underway to reactivate the site.

Under the proposed plan, a youth sports complex will anchor the redevelopment. In addition, workforce housing, restaurants, and hospitality uses will be introduced.

The plan includes approximately 250 workforce housing units. Meanwhile, a 150-room hotel is also being considered.

A water park concept is being evaluated as part of the entertainment component. Therefore, a destination-style environment is being envisioned.

To support the redevelopment, portions of the existing mall may be demolished. However, some areas will be reused where feasible.

The property benefits from a dense and highly accessible location. As a result, strong regional connectivity supports long-term redevelopment potential.

Discussions with potential partners have taken place. However, no formal agreements have been confirmed.

Ultimately, the project aims to transform an outdated retail property into a modern mixed-use destination.

*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.

H Mart Acquires Lansdale Shopping Center for $12M

H Mart Acquires Lansdale Shopping Center for $12M, Potential New Location Planned

H Mart has expanded its footprint in Montgomery County with the acquisition of a retail center in Lansdale.

An entity tied to H Mart purchased Hillcrest Shopping Center, located at 616–640 E. Main Street, for $12 million. The transaction closed on Feb. 12, according to county property records.

While the company has not confirmed redevelopment plans, the acquisition signals potential for a new grocery location. H Mart continues to grow its presence across the region, with existing stores in Philadelphia, Elkins Park, Upper Darby, and Levittown. Additionally, its Cherry Hill location is expected to reopen following renovations.

Currently, the shopping center includes a mix of tenants such as Fine Wine & Good Spirits, Iron Athlete Gym, and Ace Hardware. However, several larger spaces remain vacant, including a former big-box retail space. As a result, the property presents a strong value-add opportunity for repositioning.

The site has faced long-term challenges. Previous ownership experienced foreclosure in 2012, and financial distress continued in recent years. Therefore, new ownership introduces an opportunity to stabilize and revitalize the center.

At this time, no redevelopment applications have been filed. It remains unclear how future plans may impact existing tenants or leasing strategy.

H Mart, founded in 1982 by Il Yeon Kwon, has grown into the largest Asian supermarket chain in the United States. Today, the company operates approximately 100 locations nationwide.

Beyond grocery offerings, many H Mart locations feature food halls and prepared dining options. These elements have helped the brand evolve into a destination that blends retail, culture, and community.

Overall, this acquisition highlights continued investor interest in underperforming retail centers. Strategic repositioning, particularly with strong grocery anchors, remains a key driver of retail revitalization across suburban markets.

*Article courtesy of Philly Voice

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.

Philly Fitness to Anchor Girard Avenue Retail Center with 23K SF Lease

Philly Fitness to Anchor Girard Avenue Retail Center with 23K SF Lease

A newly acquired retail center along Girard Avenue is gaining new life as a neighborhood gym signs on as the anchor tenant.

Philly Fitness will open a 23,000-square-foot facility at 901 W. Girard Avenue in Philadelphia. The gym is expected to open in early May and will mark the brand’s fourth location in the city.

The lease fills a long-vacant space previously occupied by Bottom Dollar. The grocery store closed in 2015, leaving the north side of the property unoccupied for nearly a decade. Now, the new tenant brings renewed activity and consistent foot traffic to the site.

Abrams Realty & Development acquired the 42,000-square-foot shopping center in November for $11 million. The 2.4-acre property sits at the northwest corner of 9th Street and Girard Avenue. At the time of acquisition, ownership planned to maintain retail use at the site.

This lease aligns with that strategy. In addition, it reflects a broader shift toward experiential and wellness-focused tenants in neighborhood retail centers. Fitness concepts continue to draw daily traffic and support surrounding businesses.

Philly Fitness plans to deliver a full-service experience at the location. The facility will include cardio and strength equipment, a 3,000-square-foot turf area, and recovery-focused amenities. These features include red light therapy, hydromassage stations, tanning beds, and cryotherapy lounge seating.

Meanwhile, the company continues to expand across Philadelphia. Existing locations operate in West Philadelphia, Sharswood, and North Philadelphia. Memberships start at $10 per month, making the concept accessible to a wide range of users.

Abrams Realty & Development remains active throughout the region. The firm owns more than 3 million square feet across approximately 20 shopping centers. Recently, it has focused on repositioning retail assets, including redeveloping select malls into mixed-use town centers.

Overall, the Girard Avenue lease highlights continued momentum in neighborhood retail. Owners are increasingly activating vacant space with fitness and wellness tenants that drive traffic and long-term stability.

*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.

Floor & Decor Expands to Northeast Philadelphia

Floor & Decor Expands to Northeast Philadelphia

A major retail shift is underway in Northeast Philadelphia. A new tenant may soon fill a long-vacant big-box space.

City records show a zoning permit was issued over the weekend for the former Amazon Fresh location at Red Lion Plaza. The property sits along Roosevelt Boulevard, a high-traffic retail corridor.

Previously, Amazon halted its physical grocery expansion and closed all Amazon Fresh stores. This decision impacted six locations across the Philadelphia region. The company shifted its strategy toward its premium Whole Foods Market brand and grocery delivery services.

As a result, developers halted construction on several sites. This 45,250-square-foot anchor space at Red Lion Plaza remains one of the largest vacancies. The shopping center also features national retailers like Burlington and Ross Dress for Less, which continue to drive foot traffic.

Now, Floor & Decor plans to take over the space. If completed, the deal would mark the company’s first location within Philadelphia city limits. The retailer already operates nearby stores in Devon, Levittown, Moorestown, Turnersville, and Springfield.

The company launched in 2000 and targets both homeowners and professional contractors. It specializes in hard-surface flooring, tile, and installation materials. It also offers free design consultations to support renovation projects.

The brand operates large warehouse-style stores with strong in-stock inventory. Competitive pricing continues to attract value-driven consumers despite shifting spending habits.

In 2025, the company reported strong growth. Net sales and net income increased, while the brand opened 20 new stores and one distribution center. By December, it operated 270 stores, along with design studios and distribution centers across 39 states.

Meanwhile, the Amazon Fresh closures created multiple vacancies across the region. These include Broomall, Bensalem, Langhorne, Northern Liberties, Warrington, and Willow Grove.

Overall, this potential lease highlights continued demand for well-located retail space in Greater Philadelphia.

*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.

Horsham Retail Portfolio Hits Market for $18.3M With Flexible Sale Options

Horsham Retail Portfolio Hits Market for $18.3M With Flexible Sale Options

A retail property portfolio in Horsham has been listed for $18.3 million. As a result, multiple sale strategies are now being considered.

The offering includes five parcels totaling 7.68 acres at 101 Easton Road. The site sits at the intersection of Route 611 and Blair Mill Road. In addition, it is located about three miles north of Willow Grove Park Mall.

The properties are currently owned by Arctrust Private Capital. The firm acquired the site in 2017 for $4.9 million. Since then, the development has been fully built out with national tenants.

The site includes a Wawa, a CVS, and a P.J. Whelihan’s Pub and Restaurant. The Wawa and CVS were completed in 2018. Meanwhile, the restaurant opened in early 2020.

Two undeveloped pad sites are also included at the rear of the property. Therefore, additional development potential remains.

Notably, each parcel is being offered individually or in various groupings. As a result, flexibility has been introduced for potential buyers.

Previously, the entire site was marketed as a single offering. However, no transaction was completed. Therefore, the updated strategy is expected to attract a broader pool of investors.

Ultimately, smaller deal sizes are expected to appeal to more targeted buyers while expanding overall interest in the property.

*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.