Commercial Real Estate
-
Iron Hill Landlord in West Chester Seeks New Tenants After Abrupt Closure
Owners behind West Chester’s former Iron Hill Brewery are actively searching for new tenants, writes Erin McCarthy for The Philadelphia Inquirer. The restaurant chain announced its abrupt closure following its bankruptcy filing this fall. Massachusetts real estate investor John Barry, who has owned the property since 2022, recently purchased the space’s assets, including the building…
-
How Did Philadelphia Beat Out 40 Other Locations for DrinkPak’s Newest Manufacturing Facility?
Philadelphia is the city that canned beverage company DrinkPak chose to build its new coast-to-coast manufacturing network, writes Paul Schwedelson for the Philadelphia Business Journal. In doing so, Philadelphia — specifically the Bellwether District in South Philadelphia — beat out more than 40 other markets and locations across the United States. As a result, Chicago-based…
-
Multinational Company Puts Exton Property Up for Sale as It Consolidates in Montco
Specialty materials company Arkema is consolidating its company into space in Radnor and King of Prussia after putting its Exton laboratory and office building up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Located in the Oaklands Corporate Center, the four-acre property holds 12 labs, and offices take up the rest of the…
-
Major Sale Marks Toll Brothers’ Exit From Apartment Business
Toll Brothers is continuing a major strategic pivot, writes Janelle Ward for The Philadelphia Business Journal. The Fort Washington real estate giant is selling an Atlanta student housing tower for $132 million, exiting the apartment business and doubling down on luxury homebuilding. The property, known as Kinetic, is a 752-bed multifamily tower located near Georgia…
-
Former Famous Dave’s CEO Acquires Multiple Iron Hill Brewery Sites, Including One Philadelphia Location
Jeff Crivello, the former CEO of Famous Dave’s, plans to buy 10 Iron Hill Brewery & Restaurant locations, including one in Philadelphia, writes Emma Dooling for the Philadelphia Business Journal. During a recent U.S. Bankruptcy Court hearing in New Jersey, Judge Jerrold N. Poslusny Jr. approved the sale of the regional chain’s assets and leases…
-
Cescaphe to Bring Historic Northeast Philadelphia Wedding Venue Into Growing Estate Portfolio
Cescaphe, the notable events company, recently added to its growing estate portfolio with the acquisition of the Glen Foerd estate in Northeast Philadelphia, writes Emma Dooling for the Philadelphia Business Journal. Cescaphe will be taking over the catering operations at the 175-year-old wedding venue, which is set to undergo a more than $5.5 million renovation…
-
Two Major King of Prussia Hotels Hit the Market Ahead of Colossal Year for Tourists
Two well-known King of Prussia hotels are officially on the market, creating a rare investment opportunity in one of Montgomery County’s busiest commercial districts, Emma Dooling for The Philadelphia Business Journal. The Fairfield Inn Philadelphia Valley Forge/King of Prussia and the Crowne Plaza Philadelphia King of Prussia were recently listed for sale after their previous…
-
Brown Real Estate Buys Shoppes at Wissinoming in Northeast Philadelphia for $30.8 Million
A Brown Real Estate affiliate recently paid $30.8 million for the Shoppes at Wissinoming, a Northeast Philadelphia shopping center with a ShopRite supermarket, writes Paul Schwedelson for the Philadelphia Business Journal. The grocery store is one of 12 in Greater Philadelphia that are operated by the family-owned Brown’s Super Stores. This latest purchase gives the…
-
Apartments, Swimming Pool, and Redeveloped Retail Space Planned for Historic Wanamaker Building
TF Cornerstone, the owner of the Wanamaker building, is seeking to transform the historic property into residential space while redesigning the first three floors that previously housed Macy’s to accommodate multiple retail tenants, writes Paul Schwedelson for the Philadelphia Business Journal. The plans for the 114-year-old building, which spans an entire block just east of…
-
With a Giant in Place, the Shoppes at Concord in Glen Mills Can be Built
Giant will be the anchor for the Shoppes at Concord, a planned 155,000 square-foot shopping center in Glen Mills, writes Ryan Mulligan for the Philadelphia Business Journal. With an anchor in place, Retail Sites can go ahead with the shopping center construction, expected to start in 2026 after years of delay. Construction should take between…
-
Bellwether District Announces West Coast-Based Canned Beverage Company As First Tenant
The Bellwether District is set to host the first Northeastern United States factory of West Coast-based canned beverage company DrinkPAK, writes Jake Blumgart for The Philadelphia Inquirer. The 1,300-acre Bellwether District occupies the former site of the South Philadelphia oil refinery. The HRP Group has remediated the property into a warehouse, manufacturing, and life sciences…
-
Historic Rittenhouse Square Apartment Building, The Drake, Sells to Group of Four Investors
The Drake, a historic apartment building in Rittenhouse Square that has been in the city for nearly a century, has been sold, writes Paul Schwedelson for the Philadelphia Business Journal. The investors who have acquired the iconic Spanish baroque buildings plan to make capital improvements to the property, hoping to enhance its tenant value. “We…
-
Joseph Ambler Inn in North Wales Sells to Local Real Estate Investor
After four decades with its original owner, the 52-room Joseph Ambler Inn has now been sold to Milind Satam, Jeetu Satpute and other real estate investors for $5.725 million, plus additional costs, writes Emma Dooling for the Philadelphia Business Journal. The new owner said the property will continue operating as a hotel. As an independent…
Founding Partners
Advertisement
Affiliate Partners
