Tuesday, June 11, 2013

Select Top Three Philadelphia Retail Leases Signed in Q1 2013

The select top retail lease signed during the first quarter of 2013 in the Philadelphia market was at 1309 Blue Valley Dr. in the Lehigh Northampton submarket. Lehigh Hospital signed a lease for 50,000 square feet there. 

EZ Bargain signed a 25,000-square-foot lease renewal at 5212 Market St. in West Philadelphia. Walnut Street Equities represented the landlord in a direct deal. 

Office Max leased 24,300 square feet at Union Square Shopping Center in the Harrisburg Area East submarket. LMS Commercial Real Estate represented the landlord in this direct deal. 

This trend is compared to the U.S. National Retail largest lease signings occurring in 2013, which include the 170,838-square-foot lease signed by Sam’s Club at Mansfield Town Center in the Dallas/Ft. Worth market; the 164,290-square-foot renewal signed by Dillard’s at Orlando Fashion Square in the Orlando market; and the 145,000-square-foot lease signed by Bass Pro Shops at Almaden Ranch in the South Bay/San Jose market. 


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