Monday, September 9, 2013

Select Top Five Philadelphia Retail Leases Signed in Q2 2013

The select top retail lease signed during the second quarter of 2013 in the Philadelphia market was at 1026 Market St. in the Market Street East submarket. Jenel Management represented the landlord in a 56,000-square-foot lease deal signed there. 

Whole Foods Market leased 47,337 square feet at Ellisburg Circle Shopping Center in the North Camden County submarket. Federal Realty Investment Trust represented the landlord. 

Furniture Outlet renewed its 28,596-square-foot lease at 609 Avenue of the States Ave. in Delaware County. Maverick Management represented the landlord. 

T & D Power leased 27,000 square feet at 927 N. State St. in the I-81 Corridor submarket. Dagata Ernest & Sherwood Donal represented the landlord. 

Gold's Gym leased 19,105 square feet at East Manchester Village Center in York County. Amazing Space Properties represented the landlord. 

In the first quarter, ShopRite leased 65,000 square feet at Four Seasons Plaza - Bldg 1 in the South New Castle County submarket. Silicato Development handled the direct deal for the landlord. 

This trend is compared to the U.S. National Retail largest lease signings occurring in 2Q 2013, which include the 255,000-square-foot-lease signed by Von Maur at Riverchase Galleria in the Birmingham market; the 200,000-square-foot-deal signed by Dillards at The Shops at Summerlin Centre in the Las Vegas market; and Nordstrom's 138,000-square-foot lease signed at Ridgedale Center in the Minneapolis market.

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